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Listing ID: 1062187

Absentee, Profitable, Growing, Mr Jims Pizza For Sale

Justin, Denton, Texas, United States

BUSINESS SOLD

Revenue: $ 714,568

Cash Flow: $ 113,954

Business Description

Absentee, 2014 growing 15% ahead of 2013, excellent books

MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, an absentee-owned ~11 year established pick-up and delivery Mr Jim’s Pizza franchise in Denton County, Texas serving an exclusive territory between Forth Worth and Denton Texas. This VERY profitable location has low hours of operation, a loyal/growing clientele and is located in a fast growing region. The business has steadily increasing sales with relatively little advertising expense!! 2014 Mr Jim’s Sales Reports through August are 19% AHEAD of 2013 !!

Mr Jim’s Pizza franchise was established in 1975 and has over 50 locations. Orders can be telephoned or placed online. The estimated cost for a new, unproven location is $125,000 to 150,000.

The greatest strength of this business is its continued growth and an established strong reputation with homeowner, schools, booster groups, teams, businesses, youth associations, … and, of course, the general public. The restaurant is clean, spacious and well-organized.

The asking price for the assets of the business is $210,000 ALL-CASH or $300,000 with $100,000 down and $200,000 seller-financed (5 years, 8%, monthly payments $4,055.28/month) to a qualified purchaser. The assets include inventory at cost of $5,000 and FFE (Furniture, Fixtures and Equipment) valued at $30,000. Purchaser is responsible for any franchise application or transfer fees (estimated at $5,500).

TO MINIMIZE BUSINESS INTERRUPTION, PLEASE DO NOT CONTACT THE BUSINESS DIRECTLY.
Convenient to: Roanoke, Haslet, Saginaw, Justin, Flower Mound, Lewisville, Denton County, Trophy Club, Rhome, Argyle, Grapevine, Southlake, Keller, Eagle Mountain Lake

Property Details

Years Established:

2003

Property Type:

Lease

FF&E:

$ 30,000

Inventory Value:

$ 5,000

Other Details

Business Location:

Business occupies approximately ~2,000 SF in a busy strip mall on a busy road.

Premise Details:

Business occupies approximately ~2,000 SF in a busy strip mall on a busy road. Current monthly rent is ~$3313, including NNN. The current lease expires approximately November 2015. Reception/order counter, large dining area with buffet station, 1 customer restroom, 1 employee restroom, large open kitchen with walk-in refrigeration, small office, plenty of prep area and storage space. The seller believes that the landlord is willing to offer a long-term lease to a qualified buyer.

Expansion Potential:

This is a strong location with excellent potential. A new owner can SUBSTANTIALLY grow the business and profits in several ways: 1) Advertising (the budget has been essentially $0 for many years), 2) Distribute door hangars in the newest subdivisions, homes, 3) Promote buffet cards, 4) hands-on owner-operation, 5) expand operating hours, 6) increase pricing, 7) Build catering business with new family-sized portions, 9) Internet marketing via Facebook, Constant Contact, Website, Yelp, …, 10) Continue to build on-line ordering from current levels

Operation Details

Employees:

14

Trading Hours:

Sunday-Thursday 11 am – 9 pm, Friday/Saturday 11 am - 10 pm

Support & Training:

The seller wishes to ensure a seamless transition with a purchaser. The franchisor will provide general operations and management training as part of the franchise transfer fee. The seller will train a purchaser for 2 weeks included in the purchase price.

Miscellaneous

Financing Available:

Yes
Price $210,000 ALL-CASH or $300k with $100K down and $200k seller-financing

Reason For Selling:

Absentee Owner has successfully grown the business and made a lot of money.

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