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Listing ID: 2159195

Mr Jims Pizza, Hi Volume, New Equip, Buildout 19741 For Sale

Grand Prairie, Dallas, Texas, United States

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 384,517

Cash Flow: $ 65,000

Business Description

MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a ~20+ year established pick-up and delivery Mr Jim’s Pizza franchise in Grand Prairie, Texas serving an exclusive territory in and around Grand Prairie, Texas. The restaurant location is newly built in 2015, very clean and in excellent condition. The location is on a major state highway in a large, busy strip center. 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.
Mr Jim’s Pizza franchise was established in 1975 and has over 40 locations. Orders can be telephoned or placed online. The estimated cost for a new, unproven location is $125,000 to 150,000.
The asking price for the assets of the business is $120,000 ALL-CASH or $150,000 with $50,000 down and $100,000 seller-financed (5 years at 6% interest, monthly payments ~$1,933.28/month) to a qualified purchaser. The assets include inventory at cost of $6,000 and FFE (Furniture, Fixtures and Equipment) valued at $60,000. Purchaser is responsible for any franchise application or transfer fees (estimated at $2,200 by franchisor).

Property Details

Size:

1200 sq ft

Years Established:

1998

Property Type:

Lease

FF&E:

$ 60,000

Inventory Value:

$ 6,000

Other Details

Premise Details:

Business occupies approximately ~1,200 SF in a busy strip mall on a busy road. Current monthly rent is approximately ~$2161.67 including NNN. The current lease expires approximately April 2020, with two 5-year options. The security Deposit is ~$2,000. The seller believes that the landlord is willing to offer a long-term lease to a qualified buyer. The layout is Front Lobby, office, M/F restroom, approx 8’x12’ walk-in, kitchen

Competition:

The food service industry is very competitive. The local market has a range from small local mom & pop’s to large international pizza chains.

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, 2) Distribute door hangars to neighboring homes, 3) Market to schools, booster groups, sports associations, 4) expand operating hours, 5) Build catering business with family-sized portions, 6) Internet marketing via Facebook, Constant Contact, Website, Yelp, …, 7) Continue to build on-line ordering from current levels

Operation Details

Employees:

10

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 $120,000 ALL-CASH or $150k with $50K down & $100k seller-financing

Reason For Selling:

Retirement

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