Summary
- Asking price:
-
€218,000
- Sales revenue:
- €826,000
- Net profit:
- < €250k
- Franchise opportunity:
- Yes
- Years established:
- 4years6months
- Employees:
- 6
- Relocatable:
- This business can be relocated.
Franchise terms
Halfway through a 10 year agreement with option to renew.
Business description
Existing franchise for sale, in operation since December 2003. Existing customer base of 15,000. Serving population of c.40,000. Exclusive territory of entire city, located in premium city centre location. Planning permission to open late night seven nights a week.Turnover of €13k per week.
Property information
- Real Estate:
- Lease
- Lease terms:
- €35k per year plus VAT paid quarterly in advance, head lease in Four Star Pizza's name runs until October 2013
- Location:
- 15 John Street. It is in main takeaway/late night street. Very central location for access to entire city.
Other information
- Expansion potential:
- Online ordering is being rolled out in all Four Star Pizzas since January of this year. An owner/operator would have plenty of scope to improve on daytime sales. The product range is being extended to subs over the coming summer months, which will be attractive for daytime office etc sales.
- Competition / Market:
- There are 3 other pizza franchises in the city. As in all cities, there is competition from other takeaways.
- Support & training:
- Head office will train any prospective buyer in all aspects of the business.
- Reasons for selling:
- Owner recently married and wants to relocate.
- Trading hours:
- 12-12 mon-thurs, later on weekends (1am friday, sunday. 4am saturday)
- Furniture / Fixtures value:
- €120,000
- Inventory / Stock value:
- €5,000