Pizza Franchise Restaurant For Sale – McAllen, Texas
Pizza Franchise Restaurant for sale in McAllen, Texas for $449,000! Financing available with $179,000 down (SBA loan assumption). Established business opportunity, currently grossing an estimated $636,543 and nets $109,144. Income based on an owner/operator role. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer base and a great reputation. Located in a well established area near other restaurants and stores with both indoor and outdoor seating available. Restaurant currently offers a pizza, pasta, panini and salad menu for dine-in, take out and delivery. Plenty of growth opportunity for this business!
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $636,543.
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?
Financing is available by assuming the current owner’s SBA loan ($179,000 required down). However, if financing is needed for startup cost, you can review Financing Options 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 liability insurance. Expenses are estimated to be $527,400 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. Lease terms remain for 4 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
This restaurant is located in the McAllen, Texas area. 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, furniture, freezers, gelato, spinners and more. Estimated value is $350,000.
What is the size and how many customers can this restaurant seat?
The restaurant 2500 sq.ft and can seat 70 inside and 16 outside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a full liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru but a delivery service is offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 1 year.
Why is the owner selling?
Seller owns other businesses and does not have time to manage this one.
What are the hours of operation?
This restaurant is operated from 11.00am to 10.00pm Monday through Sunday.
What type of neighboring business are in the area?
This restaurant is located in a well established area near other restaurants and retail stores.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established pizza franchise restaurant! Turnkey and move in ready. Restaurant has a loyal customer base and offers dine-in, take-out and delivery service. Includes the cost of all equipment worth an estimated $350,000. Plenty of opportunity to increase revenue. Priced at $449,000 with financing available. 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.