Profile: Large Franchise Pizza Restaraunt In Great Location.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Chuck Mondave, Broker
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| Primary Phone: |
408-836-8840 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/18/09 |
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| Date Last Revised: |
11/18/09 |
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| BizBen Ad #: |
145830 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$195,000 |
| Down Payment: |
$50,000 |
| Annual Revenue: |
$420,000 |
| Annual Adjusted Net: |
$100,000 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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Long Standing Franchise Pizza Restaurant In Milpitas Is For Sale. The Business Is Run By The Owner And Family Member For Over 10 Years. There Are 12 Other Employees. Owner Willing To Carry A Small Loan For The Buyer. Restaurant Brings In Sales From Food, Alcohol And Video Games.
Sales: 420,000 Per Year
Annual Net: Approx. 100,000 Includes Owner Salary, Family Member Salary, Medical And Auto Expense.
Franchise Transfer Fee: 9,000 (4K For Transfer And 5K For Training)
Training Provided By Franchise For Buyer Offsite.
Franchise Approval Required.
Monthly Franchise Fee: 2.75% (This Is Normally 8% For Purhcasing A New Franchise License)
Lease: 3,600 Sq Ft At 5,000 Per Mon Plus Nnn (Ins, Tax & 1,500 Common Area)
Lease Valid Until April 2012
Abc Transfer Fee: Approx. 1,800
Hours Of Operation: 11-10 Sun - Thurs., 11-11 Fri - Sun.
Owner Has 2 Other Locations Which Are All Reported Under The Corporate Tax Returns. Owner Will Provide A Profit/Loss Statement For 2009 Results To Validate Results.
Please Do Not Contact The Owner! Broker Will Set Up A Meeting With Buyer!
No Reasonable Offer Refused!
All Information Is Provided By The Seller And Is Believed To Be Reliable.
Versant Business Team, Inc. Or Its Employees Have Not Verified Any Of The Information Or Facts About This Business. Buyer Takes On All Responsibiliity For Due Diligence Regarding The Evaluation Of This Business. Buyer Is Advised To Talk To Accountants, Cpas And Attorneys Before Making An Decision On A Business Purchase.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Chuck Mondave, Broker at 408-836-8840 Non Disclosure Agreement |
Business For Sale Photos
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