This lucrative franchise business has been operating in the same neighborhood since 1970 with the present owner operating the company since 1998. The location is on a busy thoroughfare that links a quaint residential village setting with a thriving retail area.
During the present owner’s proprietorship, the source of revenue has shifted from almost 100% dependency on the sale of pizzas to where it sits today at the current 30% of revenue. Sales generated from the sit down restaurant, which has an upscale menu as well as a diversification of the carryout portion of the business has accounted for this shift. A small bar with a D-5 liquor license has also helped the restaurant become a destination venue for quality food and a cozy atmosphere.
The chain has an excellent reputation for producing outstanding Italian food for more than fifty years. While the franchise has a high degree of local brand recognition, they allow for a lot of independence at their locations. The franchise royalty of 3% and 2% advertising fund contribution are very reasonable. This is a superb opportunity for a new owner to bring in new ideas while at the same time retaining the proven experiences that have made the business a success in the past.
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