Papa John’s Pizza Franchise For Sale – Oakland County, Michigan
Papa John’s Pizza Franchise For Sale in Oakland County, Michigan for $250,000! Pre-approved for SBA financing with an estimated $25,000 down! Established franchise opportunity, currently grossing an estimated $351,290 and nets $79,393. Papa John’s is a take-out and delivery chain offering classic & specialty pizzas, wings & breadsticks, plus desserts. Great location in a busy shopping plaza with other restaurants, retail stores, and businesses. Includes all restaurant equipment with an estimated value of $115,000. New owner will need to be approved by the landlord and franchisor.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $351,290.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Yes, this business has been pre-approved for financing of up to $225,000 (amount needed down is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more Financing Options Here.
What is required in order to qualify for purchase?
Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 15 years. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in Oakland County, Michigan. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: ovens, make lines, freezer, cut tables, hot boxes, prep tables, and more. Estimated value is $115,000.
What is the size and how many customers can this restaurant seat?
Restaurant is 1,600 sq. ft with seating for 15 inside.
Does this restaurant currently have a beer or liquor license?
There is no beer or liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru, but the restaurant offers a delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 1 1/2 years.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
This restaurant is operated from 10:30am-11pm Monday-Sunday.
What else should I know?
Established franchise opportunity in a great location. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $250,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.