What is the current gross revenue for this restaurant?
Current gross revenue is estimated at $304,411.
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?
The seller will finance up to $25,000. Terms to be discussed. 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: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Current owner estimates yearly expenses at approximately $255,698 (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.
Where is the restaurant located?
Located in the Morgantown, West Virginia 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 cooler, 3 chest freezers, counters, hoods, prep tables, chef base, sinks, ice machines, sandwich tables, griddles, streamers, slicers, choppers, pan, utensils, POS systems, signage, lighting, tables and chairs for in store seating, small-wares, shelving units and more. Estimated equipment value is $20,000.
How many customers can this restaurant seat?
This restaurant has indoor seating for 18.
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.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 13 years.
Why is the owner selling?
Owner is pursuing other business interests.
What are the hours of operation?
This restaurant operates from 10am – 10pm Sunday through Thursday, 10am – 3am Friday and Saturday.
What else should I know?
Pita Pit offers a healthy alternative to fast food offering a menu of quick service pita sandwiches. Priced at $75,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!