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National Pizza Franchise

Sold

Listing ID: 1183

Location

Nova Scotia, within 1 hour of Halifax

Description

Well established profitable family pizza restaurant has been a staple in many communities across Atlantic Canada for decades. The franchise is well established and has a national presence, offering proven systems, processes, and marketing.
Open from 11-9, 4 days per week and 11-10, 3 days per week.


Financial Information

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



* 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

The location is leased - 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.

Price

$369,000

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Headquarted in Halifax, Nova Scotia

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