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Century 21 Advantage Commercial

Fantastic Panago Opportunity In British Columbia For Sale

British Columbia, Canada
Asking Price:
$899,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$250K - $500K (CAD)

Don’t miss your opportunity to discover this Panago Pizza restaurant in beautiful BC! This pizzeria has been operating in the same location for 24 years and has consistently achieved $1.5 million or more in sales annually for the past several years.

The store is managed by a general manager as well as two other Panago-certified managers and 17 staff. There was a decrease in sales from 2022 to 2021. The current owners saw the value in providing increased wages to staff, higher than market manager salaries, and reducing the delivery area by 15%, allowing a decrease in delivery time from 40 minutes to 30 - 34 minutes, which meant improved quality of pizza and service for the customers.

This location is currently operating on reduced hours. The competition is open later by 2 hours, so there is an opportunity for a new owner to extend hours of operation and increase monthly sales by $6,000–$10,000+/-.

There is a reasonable rent, and with additional options in place on the lease, this makes this a very desirable venture. If you are interested in further information, reach out to Team Hansen today and get the full marketing package!

Property Information

Real Estate:

Lease

Lease Terms:

Base Rent: Current: $2,132/Month +GST ($25,584/Annually +GST) $24.00/SQ FT
Additional Rent: Estimated: $1,331.44/Month +GST ($15,977.28/Annually +GST) $14.99/SQ FT
Total Rent: $3,463.44/Month. $41,561.28/Annually (+ GST)

Extends to December 2029 including the option to renew

Lease Rent:
$24 (CAD) per sq ft per annum
Location:

In a beautiful British Columbia city

Size in square feet:
1,066

Business Operation

Competition / Market:

Panago Pizza stands on its own merits

Reasons for selling:

Contact Team Hansen for details

Trading hours:

Sunday to Thursday: 11:00 AM to 11:00 PM
Friday & Saturday: 11:00 AM to 1:00 AM

Employees:
19
Years established:
25

Other Information

Support & training:

Franchisor Training

Financing available:

Contact Team Hansen for details

Inventory / Stock value:
$15,000 (CAD)