At a newly reduced price, this is an excellent opportunity to acquire an established Panago Pizza franchise located in a busy area of the Lower Mainland. Operating from its current location for more than 25 years, this business has a long standing presence in the community – giving them a well established base of loyal customers. The current owner is quite hands-off so there is excellent opportunity for a new owner to come in and grow the sales through hands on leadership. With franchise training offered through Panago’s established program, a lease term extending through 2032 with renewal options, and a fantastic location, this is a prime opportunity for a first time business owner or for an established Panago owner looking for a new acquisition.
- Asking Price:
- $300,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $604,000 (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
One option to renew
Extends to July 2032
- Leasehold Rent:
-
$42,600 (CAD) per annum
- Location:
-
Well established location in a busy area of the Lower Mainland
- Size in square feet:
- 1,206
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Contact ABB Mergers for Details
- Trading hours:
-
Sunday to Thursday: 11:00 a.m. - 12:00 a.m.
Friday & Saturday: 11:00 a.m. - 1:00 a.m.
- Employees:
- 6 - 1 full time supervisor, 2 cooks, and 3 drivers
- Years established:
- 26
Other Information
- Support & training:
-
5 weeks franchisor training in the Lower Mainland
- Furniture / Fixtures value:
- $200,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $8,500 (CAD)
