This is an exciting opportunity to acquire an established pizza franchise in the Lower Mainland. In operation for nearly a decade, this location offers a recognizable franchise brand, an existing customer base, and a convenient location. The business is currently fully staffed by eight employees, with the owner handling administrative tasks for approximately six hours per week, this is a great opportunity for a new owner to build on the existing operating structure. As part of the Panago Pizza franchise network, a new owner will benefit from full franchisor training and support. This is a great opportunity for an owner-operator or an existing entrepreneur to acquire an established franchise location at a fantastic price and explore the potential for growth and operational improvement.
- Asking Price:
- $266,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $250K - $500K (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Two options to renew of 5 years.
With property taxes, CAM and management fees included, the total rent is $6393.53 per month
Extends to November 2036
- Lease Rent:
- $46 (CAD) per sq ft per annum
- Location:
-
In a busy area of the Lower Mainland, near public transit and several apartment buildings
- Size in square feet:
- 1,045
Business Operation
- Management type:
- This business is owner operated.
- Trading hours:
-
Sunday - Thursday: 11:00 a.m. - 12:00 a.m.
Friday & Saturday: 11:00 a.m. - 1:00 a.m.
- Employees:
- 8, 5 cooks and 3 drivers. The owner works in the store doing administrative tasks
- Years established:
- 8
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
Franchisor approval is required
Other Information
- Support & training:
-
Franchisor training
- Furniture / Fixtures value:
- $190,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $8,500 (CAD)
