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Highland Michigan

  • Listing Number: 217-21364

  • Category: Food - Fast Food, Food - Pizza

Asking Price $210,000
Down Payment
Gross Revenue $724,483
Total Adjusted Net Income $67,509
Equipment / Fixtures $39,000
Year Established 2020
General Location Highland Michigan
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Opening a new franchise requires painstaking startup operations lasting 6-9 months (per the franchisor) from purchase to grand opening. This store has been at this location for over ten years and is  well into profitable operations Ziebart is opening next door in the second quarter of 2022.

 

The current owner took over in early 2020, adding significant new equipment plus upgrading motors and timers on appliances, remodeling and hiring employees. The owner has weathered the pandemic including increased ingredient costs and loss of employees. He has stabilized the operation and is now involved in the business only 10 hours per week.


Gross Revenue $724,483 Listed Price $210,000
Total Income $67,509 Down Payment
Base Rent Square Feet 1545
Total Rent $2,430 Lease Expiration 03/2032
Rent Deposit Lease Options 1
Inventory $2,000 Leasehold Improvements $50,000
Equipment / Fixtures $39,000 Other Assets
Full-Time Employees 1 Training Period 2 weeks
Part-Time Employees 15 Special License Required
Contract Staff Reason for Selling retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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