This is a franchise Pizza Restaurant that has been operating in the same area for 30 years. The Franchisor has always run this restaurant and they now wish to franchise it in order to free up some time to expand the Franchise into new areas- currently 8 stores.
The store was relocated from the old premises 2 years ago to its nearby new location (across the road). It was newly decorated with an outdoor dining area, full kitchen plenty storage, liquor license, and very well known, it is a perfect venue for functions, family dinner or a quiet night for two. They pride themselves on making the best pizzas in the area and the menu also includes pastas, ribs, wings, nachos, garlic breads and desserts.
It is fully licenced and offers a range of wines, beers and ready mixed drinks to enjoy with meals. Great espresso coffees, milkshakes and spiders are also available. Conveniently located right next to the main Railway station in a stand alone building, with plenty of free parking available, so customers can drop in on the way home from after 5 pm and pick up a sumptuous take away pizza for dinner – 7 nights per week. There is also the option of delivery within the immediate and surrounding areas with dedicated drivers.
As the Franchisor is selling this restaurant, the normal franchise fee for a new franchise store will be waived. The weekly franchise fee is only $380 and there is no marketing fee payable which is truly remarkable for a successful franchise store. There are excellent systems in place, ready for a smooth transition to a new owner. The head office handles all online orders so there is no additional administration to worry about, only a 5% admin fee for online orders received. Full initial training and ongoing assistance will be provided. The lease has 13 years left to run, providing security of tenure for a new owner and with rent expense of only 5.5% of sales!!THIS IS A MUST-SEE BUSINESS FOR THE SERIOUS BUYER.
- Current Status: Listed for Sale
- Code: RF 401
- Category: Food
- Type: Franchise Pizza Restaurant
- Location: Central Coast
- Sales: $1,017,000
- Period: Annual
- Net Profit: $257,000
- Rent: $55,000
- Stock: $10,000
- Price: $390,000
- Long Financials: Tax returns available for a due diligence
- Staff: Owner plus 18 casuals
- Lease: 13 years