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Businesses For Sale   >>   Ohio Businesses For Sale Categories   >>   

Restaurant, Bar & Pizzeria Franchise Resale

Location  Ohio,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1391513
Net Profit / Cash Flow  $272192
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1970
Number of Employees  1 - 3
Inventory  156625
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller & franchisor will provide training
Reason for Sale  Retirement
Description  This lucrative franchise business has been operating in the same neighborhood since 1970 with the present owner operating the company since 1998. The location is on a busy thoroughfare that links a quaint residential village setting with a thriving retail area. During the present owner's proprietorship, the source of revenue has shifted from almost 100% dependency on the sale of pizzas to where it sits today at the current 30% of revenue. Sales generated from the sit down restaurant, which has an upscale menu as well as a diversification of the carryout portion of the business has accounted for this shift. A small bar with a D-5 liquor license has also helped the restaurant become a destination venue for quality food and a cozy atmosphere. The chain has an excellent reputation for producing outstanding Italian food for more than fifty years. While the franchise has a high degree of local brand recognition, they allow for a lot of independence at their locations. The franchise royalty of 3% and 2% advertising fund contribution are very reasonable. This is a superb opportunity for a new owner to bring in new ideas while at the same time retaining the proven experiences that have made the business a success in the past.
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