Pita Pit Located in Baton Rouge Near LSU

Undisclosed Address, Louisiana
Business Opportunity for Sale
Catylist Listing ID: 30738721
Property Subtypes: Food and Beverage
Building Size (RSF): 1,619 SF
Sale Price: $199,000
Name of Establishment: Pita Pit
Business Website Address: www.pitapitusa.com
Franchised Business: Yes
Franchise Parent Name: Pita Pit
Year Business Established: 2010
Gross Revenue: $696,000 (Annual)
Cash Flow: $96,207 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 10/11/2021

Overview / Comments

Principle Business Advisors presents this established franchise restaurant located in Baton Rouge, Louisiana. This restaurant offers counter-service, online ordering, and delivery! The business concept also has catering options. This portion of the business could easily be expanded with the right owner. This is the second of the 2 franchise restaurants available for sale. Either of the restaurants can be acquired for $199,000 or they can be purchased together for $375,000.The franchisor must approve a new buyer, and will also train the new owner on how to successfully run and operate the business. 

Come check out the business and learn more about this great opportunity!

Please direct any inquiries to the list listing broker, Joel Duran CMSBB. He can be reached at (504) 313-1038. 

* COVID UPDATE: During the 2020 COVID-19 Pandemic, the store was closed for approximately 5 and a half months. After the store was re-opened, it operated with reduced hours. The LSU fall schedule started late and ended early. The monthly sales for 2020 will reflect this. The numbers listed in this ad are for the last finalized year which is 2019. The gross monthly and annual sales for 2020 are available as part of the buyer packet.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $150,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The rent is $4674.86 a month with (1) additional 5-year lease option.
Employee/Labor Description: Full-time: 5 Part-time: 10
Mgmt/Training Support Description: The franchise will train a new owner.
Seller Financing Description: Financing available on a case-by-case basis.

Contact

Photograph of Listing Agent

John Sanderford

John Sanderford & Associates, LLC Metairie, LA 70055
LACDB Member
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