Pita Pit Sandwich Franchise For Sale – Pittsburgh, Pennsylvania
Pita Pit Sandwich Franchise For Sale in the Pittsburgh, Pennsylvania region for $165,000! Established franchise opportunity, currently grossing an estimated $456,415 and nets $42,734. Income is based on an owner-operator role. Pita Pit is a popular quick service franchise restaurant offering a menu of breakfast, meat and veggie pita sandwiches – a healthier alternative to fast food. This is a great opportunity to own a fully built out store at considerably lower cost than it would be to purchase a new franchise. This store is in a great location with surrounding retail businesses, restaurants, and a fitness center. The ground work has already been done with this existing franchise opportunity! New owner will need to be approved by the landlord and franchisor. Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
Current gross revenue is estimated at $456,415.
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?
There is no seller financing available. This business may qualify for a business or SBA loan. If financing is needed for startup cost you can review additional 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, employee benefits, royalty fees, merchant fees, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, cleaning and repairs, and liability insurance. Expenses are estimated to be $413,681 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Is the restaurant property owned or leased?
Currently the owner leases the property. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in the Pittsburgh, Pennsylvania region. 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: walk-in freezer, walk-in cooler, counters, steamer, refrigerated prep tables, chef base, sinks, electric grill, slicers, choppers, pans, utensils, POS systems, restaurant furniture etc. Estimated value is $26,500.
What is the size and how many customers can this restaurant seat?
This restaurant is 1,750 sq. ft and can seat 45 inside and 11 outside.
Does this restaurant currently have a beer or liquor license?
No, 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 and catering service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 12 1/2 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant is operated from 10am – 10pm Monday through Saturday and 11am – 10pm on Sunday.
What else should I know?
A great opportunity to own an existing franchise with huge potential. Pita Pit offers a healthy alternative to fast food offering a menu of quick service pita sandwiches. Priced at $165,000. 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.
Pita Pit Sandwich Franchise
Pennsylvania Pittsburgh Pennsylvania United States