Hammond Pita Pit Franchise Business

Business Opportunity for Sale
Catylist Listing ID: 30577811
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $80,000
Name of Establishment: Pita Pit
Franchised Business: Yes
Franchise Parent Name: Pita Pit
Gross Revenue: $240,000 (Annual)
Cash Flow: $29,000 (Annual)
Cash Flow Type: EBITDA
Last Updated: 12/1/2020

Overview / Comments

THIS IS THE HAMMOND-ONLY VERSION OF THE LISTING BELOW FOR THOSE WHO JUST WANT ONE LOCATION

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Two (2) Pita Pit franchised sandwich businesses, one in Hammond, 1 in Shreveport with the rights to open 2 additional locations in the Shreveport/Bossier area. An additional $10,000 to $15,000 of equipment for a new location will also be included in the sale for a buyer who wants both locations.

With 2 existing locations, this opportunity is ideal for an investor who has been wanting to start multiple locations of a single fast food franchise brand.

With 20 employees total, please note that there are HUGE tax incentives for angel investors and other economic driver categories in Louisiana that may help lure partners if supplemental investors are needed to help spread risk. Please contact LED and or NOLABA for more information..

This opportunity is also ideal for an investor aligned with the GROWTH STAGE of the business life cycle who knows how to get a business to grow from nothing and desires the fresh start but has been dragging his/her feet on other investment opportunities because of the fear of the MASSIVE amount of time, money, and effort that it takes to get a new investment developed with systems in place and the hiring and training required to have a truly owner-absentee operation, etc.

This opportunity is already operating with both systems and employees in place. It just needs additional investment in savvy advertising (not expensive advertising) because it also need operating capital to survive the expense of waiting for more nearby speculative developments to be completed in order to increase the employment density in the 1-mile radius.

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KEY DETAILS
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–-includes 4 area rights, each worth $25,000 for only $50,000
–-Includes 2 existing operations of 4 total area rights
–-Includes $10,000 to $15,000 of additional FF&E for 1 new location
–-long term leases in place

BRING OFFERS NOW! LET's MAKE A DEAL

After signing a NDA, you will receive:
–-a copy of a VERY DETAILED VALUATION
–-financials
–-and a financial health ratio analysis report identifying industry benchmarks an investor SHOULD FIND VERY VALUABLE to use as a rough plan for attempting to financially restructure the business during its growth toward identified goals during the next several years

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Industry Segment: Restaurants
Reason for Selling: not the right type of investment for this investor this opportunity needs a part 1 growth stage leader, which means a leader experienced at taking a business from zero to hero
Value of Inventory Included ($): $6,000
Value of Furniture, Fixtures, and Equipment ($): $231,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,641 34,085 60,013
Median Age: 27.62 30.07 32.45
Households: 2,843 12,765 22,600

Contact

Photograph of Listing Agent

Russell Bernstein

Metairie, LA
LACDB Member
Photograph of Listing Agent

Trenton Siskron

KW Commercial NWLA
Metairie, LA
LACDB Member
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