Multi Location Pizza Franchise (National) - Click for Details

Listing ID

1183

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Location

Nova Scotia, within 1 hour of Halifax

Description

Located within 30 minutes of one another, these two well established profitable family pizza restaurants have been a staple in many communities for decades. The franchise is well established and has a national presence, offering proven systems, processes, and marketing.

Each location is open from 11-9, 4 days per week and 11-10, 3 days per week.

Financial Information

Location 1:
Revenues of $725k and $722k for the fiscal years ending April 30, 2018 and 2019, respectively.
Seller's Discretionary Earnings: $78k and $98k respectively.
Franchise fee shall be $30k

Location 2:
Revenues of $644k and $640k for the fiscal years ending January 31st, 2018 and 2019, respectively.
Seller's Discretionary Earnings: $90k in each of the last 2 years.
Franchise fee shall be $15k

* Seller's discretionary earnings (SDE) are the pretax and pre-interest profits before non-cash expenses, one owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

Minimum Equity Required

$150,000

Real Estate

Each location is leased.

Location 1:
- Expiring April 2026, with 4 additional 5 year options to renew. 6% of gross sales, but not less than $48k per year and not more than $60k per year.
- 86 seats
- All municipal services.

Location 2:
- Expiring November 2029, with a 10 year option to renew. Currently $19/sft (net rent) for the 1841 sft premises, with escalations throughout the term.
- 52 seats
- All municipal services.

Price

$369,000

Non Disclosure Agreement

I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.

I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.

I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.

It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.

This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.

Non-Disclosure Agreement