Established Pizza franchise since 2000, Shows well throughout. Owner purchased the store less than a year ago and decided he was needed at his other business far more. So he hired a young family member to take his place at $20,00 per hour.
Sellers total payroll is running over 26% when it should be around 17 % for an owner operator which is well suited for this sale. I would NOT advise a buyer to try and purchase this store on an absentee basis. Buyer MUST assume the existing SBA loan of approx.
$160,000 at 8.5% interest. Buyer must have Real Estate collateral to assume the SBA loan and have a credit score above 680.
Historically sales have far exceeded $400,000 but have since dipped a bit. Net income of over $6,300 per month is annualized below under cash flow. However an owner working 50 hours per week would save over $2,000 per month in labor and would net over $8,000 per month before debt service to the SBA loan.