Pita Pit Sandwich Franchises For Sale - Pensacola, Florida
Pita Pit Sandwich Franchises For Sale in the Pensacola, Florida region for $135,000! Seller financing available with $67,500 down. Asset Sale! 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 two fully built out stores at considerably lower cost than it would be to purchase a new franchise. There is a huge opportunity for further growth but current owner has not had the time to focus on development due to other commitments. These two stores are in great locations with surrounding retail businesses, government and professional offices and colleges. Manager in place. The ground work has already been done with these existing franchise opportunities! Included in the sale are two delivery vehicles with "Pita Pit" graphics wrapping. New owner will need to be approved by the landlord and franchisor. Please be advised that this restaurant will not qualify for SBA loans or third party lending. If seeking financing, buyer must be able to borrow against personal assets.
Frequently Asked Questions:   Price: $135,000   Cash Flow: TBD   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? This is an asset sale. The restaurants have been built out to accommodate and operate as Pita Pit Franchises.
How do the restaurants 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 these restaurant? Seller will finance up to $67,500. Terms to be discussed. 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: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Are the restaurant properties owned or leased? Currently the owner leases the properties. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where are the restaurants located? Located in the Pensacola, Florida 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 freezers, counters, hoods, prep tables, chef base, sinks, ice machines, sandwich tables, smoothie station, griddles, streamers, slicers, choppers, pan, utensils, POS systems, signage, lighting, restaurant furniture etc. Estimated equipment value is $113,000 per store. Also included are two delivery vehicles, a 2009 Kia Soul and a 2010 Kia Soul both with graphic wrapping.
How many customers can these restaurants seat? One restaurant can seat approximately 32 inside and 16 outside, the other can seat 18 inside and 12 outside..
Do these restaurants currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service? There is no drive-thru service. A delivery service is currently being offered. Each store has it's own "Pita Pit" graphic wrapped delivery vehicle.
How long has the seller owned the restaurants? Seller has owned one restaurant for 4 years and the other restaurant for 5 years.
Why is the owner selling? Owner is has another career and does not have time to develop these restaurants.
What are the hours of operation? One restaurant is operated from 10am to 10pm, Monday - Sunday the other is operated 11am - 10pm Monday through Sunday.
What else should I know? A great opportunity to own two existing franchises with huge potential. Pita Pit offers a healthy alternative to fast food offering a menu of quick service pita sandwiches. Priced at $135,000. Seller 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 Sellerís 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.