2012 RESULTS ARE IN!!! REVENUE UP $35,000 Over 2011. PROFIT UP $32,000 OVER 2011. PROFIT UP DUE IN PART TO REDUCED LABOR COSTS OF 3% OR $16,000 AND IN PART TO TO HIGHER SALES $15,000!!!
I could write-up a nice ad talking about how great this business and commercial real estate are, but let's face it, it is all about the numbers. How much does it cost and how much will you make. Right!
On this property there is not only a business generating income but also two commercial leased spaces adding to your income and frankly covering half your mortgage payment with 10% down. The mortgage payment would be about $34,700 a year while the rental income from two leased space is $17,400 annually. That makes the rent for this pizza franchise an absolute steal of a deal and all you need is $99,000 down payment and good credit to do this deal for a franchise pizza business and commercial real estate. At a rent of $17,400 annually for the pizza business, your rent factor is a mere 3.5%!
I THINK THAT SAYS IT ALL. $90k Down - nearly $90k of Annual income after debt servicing! Nearly a 100% Annual Return on Investment!
But for those who like more details, here I go! This pizza franchise has revenues close to $500,000 a year and it is absentee operated. So there is lots of room to improve the profit. The restaurant's "working owner cash flow" was about $80,000 in 2011 and is showing improvements over that number in 2012. The food cost is 5-7% too high compared to owner operated franchises of these type that I've sold before. So there is another $25,000-30,000 saving there.
The Sq. Ft. of the pizza restaurant is about 2,000 and the other two leased space is 2,154 and 435 respectively. There is also a basement and office space not included in the Sq. Ft. mentioned in this add. The gross annual rental income is about $17,400 a year from the other two leased spaces.
The owner will carry if need be in order to get an SBA loan passed.
This business and real estate are in a small town in the Sierra mountains about 90 minuntes outside a large city to the east and another to the west. So if you like hunting, fishing, hiking, mountain biking, camping, etc. then this is paradise for you.
The property is located at about the 3,400 foot elevation, so it gets some snow and gets cold. But the snow doesn't hang around too long. But that's what makes this place beautiful. Plumas County is the land of 100 lakes and 1,000 miles of streams. You come with a fishing pole, the you can see the fish running! Or swimming away....
Contact me to make an appointment to see this business and property.
a Paramount Restaurant Broker, Inc. ListingThis is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
|2014 Total Population||3,823|
|2010 Number Of Households||2,800|
|2010 Persons Per Household||2.19|
|Median House Value||$238,987|
|Income Per Household||$50,809|
|2009 Number Of Businesses||202|
|2012 Number Of Employees||3,548|
|2012 Total Annual Payroll||$69,071,000|
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