What is the current gross revenue for this restaurant?
This is an asset sale. The restaurant has been built out to accommodate and operate as a Pita Pit Franchise.
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?
Seller will finance up to $56,000. 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: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
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 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. Also included is a delivery vehicle, a Kia Soul with graphic wrapping.
What is the size and how many customers can this restaurant seat?
This restaurant can seat approximately 18 inside and 12 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 service. A delivery service is currently being offered. The store has it’s own “Pita Pit” graphic wrapped delivery vehicle.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 5 years.
Why is the owner selling?
Owner is has another career and does not have time to develop this restaurant.
What are the hours of operation?
This restaurant is operated from 11am – 10pm Monday through 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 $65,000. Seller financing available. For additional information and to evaluate this business further Contact Us About This Restaurant Here!