ROUND TABLE PIZZA - HUGE CASH FLOW
Seller:
Attn:
Kirk or Randi Edwards
Location:
Mill Creek, WA, USA
Listing Number:
"hfngRTMill"
Overview:
Partnership Dissolution forces the absentee owner to sell this high volume pizza business ASAP. Well known and respected National chain. Seller just invested $220,000 to remodel this great location. The current owner has done no advertising or promotion. The business has a perfect layout with open seating in the main dining area, salad and pizza buffet, a banquet room, a game room, and a huge kitchen and a private office. The Franchise fee is 4%, the Ad Fund Fee is 4%, and the transfer fee is $12,500. Outstanding training, consisting of 4 weeks of intensive training, is provided at the Franchisers Headquarters in Concord, CA - plus one week of on-site training from the owner. With increased delivery orders, promotion to the local businesses and schools, and heightened community awareness this will be a gold mine for an owner operator.
Property Features and Assets:
This is an outstanding, highly visible, location in the heart of the Mill Creek Plaza Shopping Center, with lots of parking. Seller just invested $220,000 in a total remodel – everything is like new. The business has a perfect layout with open seating in the main dining area, salad and pizza buffet, a banquet room, a game room, and a huge kitchen and a private office. The base monthly rent is $9,323 plus NNN charges of $834 per month. The Lease runs till 6/30/2011 and there is a five year option to extend the term.
Market Competition and Expansion:
This dynamic Pizza business has done an outstanding job in creating a substantial gross income without advertising or promotion. The business has been established since 1984 in the same location. Due to the Franchiser's high profile name, the quality of the food (the dough is made from scratch each day), and the pleasant family oriented environment this business is leaps and bounds ahead of its competitors. This business needs three major improvements in order to strategically position itself for a substantial increase in revenues. Number 1 is to have consistent and targeted advertising and promotion to the local marketplace. The second thing is to promote the delivery and catering side of the business to the local businesses in the area (demographically, this business is in an ideal location with a dense business and residential base). The third thing is to promote the business to the local schools and Churches and try and get some contracts for on- site lunches.
Additional Details:
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