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Extreme Pita is a turn key business ready to walk in and run your very own business, with the corporate training. This store is in the top 5 stores in Canada. The current owner draws a $60,000 annual wage. They currently operate with 2 part time staff. Buyer to pay inventory on day of possession(approximately $5,000 to $6,000). The seller is including the $20,000 transfer and training fee in the purchase price. Lease space is 1302 sq ft. The lease cost is $26.00 per sq ft plus common area costs at $10.00 sq ft. The Franchisor is doing a renovation that will cost $60,000 which is also included in the purchase price. Monthly rent is $3,950. Lease is till November 2019, Landlord is willing to enter into additional 5 year term plus 2 more 5 year terms for approved buyer. Royalty is 6% Marketing is 3% to the Franchisor. This business has a 15% gross margin.
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Listing Office: RE/MAX Real Estate
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