Franchise Pizza With B & W And Video Game For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2011
Number of Employees 6 - 9
Inventory 110000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Description This business is part of large gourmet pizza franchises with Beer & Wine License and Video game area, great place for B-Day or other parties, all kids and adults will enjoy and have fun, with more than 60 locations nationwide and more in development. It is known for its great quality pizza and family dining atmosphere. This location opened recently in May 2011 and still developing a reputation for serving quality food made from the freshest ingredients available. This is a turnkey pizzeria with all new updates in place as per franchisor's and city requirements. The business is located in anchored tenant-Ralphs shopping center in North West San Fernando Valley.
There is seating for ? Customers, with take-out and local delivery available. All brand new equipment has been well maintained and is fully paid off with the exception of the dishwasher is rental and also all video games are rented, and it is a good source of income.
The franchise offers a full training period and on-going support. The seller will provide additional training as part of the purchase price. This is an enjoyable business to operate and is backed by a very successful franchise.
Seller will carry a note up to 50% for qualified buyers.
Facilities:
The restaurant occupies 2,525 sf. plus per seller enclosed patio has few hundred sq. not in the lease sf. size, with seating for ( ) customers. The lease is valid through April 2021 with a five year option period. The rental deposit is $4,083.98 and Security deposit is $2,588.13. This is a percentage lease, and the percentage rent rate is 6%, and annual breakpoint is one million dollars ($1,000,000) it means, if the tenant's gross revenue exceeds the breakpoint ($1,000,000), the tenant will have to pay in addition to the rent and cam charges, the additional 6% for percentage lease based on the gross revenue.
The kitchen is fully equipped, and has state of the arts all brand new equipments up to the new code, example: new codes required dish
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