Quincy Restaurants For Sale
Franchise Pizza Restaurant For Sale in Quincy California With Real Estate Plus Retail Leased Spaces
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ALERT!!!
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. Listing
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
11-9 Sundays
11-10 Mon-Thurs
11-11 Fri. - Sat.
Facilities
Highlights
- Commercial Real Estate w/2 Leased Spaces
- Popular Pizza franchise
- Beer and Wine License
- SBA loan available with 10% down
- Good financial statement available with Offer
- Franchisor Training Program included in transfer fee
- Great Outdoor Activities
- Thick Pine Forest Area w/Lakes Every Where
- Annual Debt Serve w/10% down is About $17,400
- Estimated Month Mortgage would be $1,450!
Financing
Demographics
| Population | 5-mi |
|---|---|
| 2014 Total Population | 3,823 |
| Households | 5-mi |
| 2010 Number Of Households | 2,800 |
| 2010 Persons Per Household | 2.19 |
| Median House Value | $238,987 |
| Income Per Household | $50,809 |
| Businesses | 5-mi |
| 2009 Number Of Businesses | 202 |
| 2012 Number Of Employees | 3,548 |
| 2012 Total Annual Payroll | $69,071,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.