The owners are ready to sell and have reduced the asking price on this desirable Lower Mainland Panago Pizza location to $198,500. Surrounded by a vibrant mixture of residential buildings and businesses, this location on a major traffic route provides a new owner with a built in customer base. Sales have been steady for the last several years, reaching $490,000 +/- in 2023 and there is room to grow even further with a hands on owner and innovative marketing. This location was built brand new in 2018, so no costly renovations will be required for your first few years in business. There is a great lease rate in place taking you to 2038 including the options to renew. This is a promising opportunity for someone looking to own their own business with the support and guidance of a well respected franchisor. Panago Pizzas are a frequently requested opportunity and this opportunity is not expected to last – don’t hesitate!
- Asking Price:
- $198,500 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $495,000 (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Two options to renew of 5 years
10 year lease
Extends to May 2038 with options to renew
- Lease Rent:
- $46 (CAD) per sq ft per annum
- Location:
-
In a busy area
- Size in square feet:
- 1,045
Business Operation
- Reasons for selling:
-
Contact Team Hansen for Details
- Trading hours:
-
Sunday to Thursday: 11:00 AM - 12:00 AM
Friday & Saturday: 11:00 AM - 1:00 AM
- Employees:
- 8
- Years established:
- 6
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
Franchisor Training
Other Information
- Support & training:
-
Franchisor Training
- Financing available:
-
Contact Team Hansen for Details
- Inventory / Stock value:
- $7,000 (CAD)