New Price! The owners are ready to sell and have reduced the asking price on this wonderful Panago Pizza location by $100,000. Located in one of Alberta’s largest cities, this Panago Franchise has a loyal and established customer base, a great long-term lease in place, and an ideal location near a busy retail and residential area. Sales have been strong for the last several years, reaching over $660K +/- in 2022. Panago Pizza is one of Canada’s strongest brands in the quick service industry and this is the ideal opportunity for someone looking to go into business for themselves. Don’t hesitate on this opportunity, contact Team Hansen for the full information package today!
- Asking Price:
- $329,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $715,000 (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Current Lease Term: 10 Years. September 1, 2019 to August 31, 2029
Two Options to Renew of 5 Years Each Option
Extends to August 2039 with Options to Renew
- Leasehold Rent:
-
$46,108 (CAD) per annum
- Lease Rent:
- $31 (CAD) per sq ft per annum
- Location:
-
In a busy area
- Premises Details:
-
1,348 Square Feet
- Size in square feet:
- 1,348
Business Operation
- Competition / Market:
-
Panago stands on it's own merits
- Reasons for selling:
-
Undisclosed
- Trading hours:
-
Sunday to Thursday: 11:00 AM to 12:00 AM
Friday and Saturday: 11:00 AM to 1:00 AM
- Employees:
- 8
- Years established:
- 19
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
Franchisor Training
- Financing available:
-
Contact Team Hansen For Details
- Furniture / Fixtures value:
- $150,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $10,000 (CAD)
