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Asking Price$560,000
Revenue$1,000,000 Established1997
Cash Flow$140,000 Employees8 full, 10 part
FF&E$75,000* FranchiseYes
Inventory$12,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Chinook Business Brokers is proud to present an excellent opportunity to invest in one of the most respected pizza chains in the country. Panago Pizza currently has 185 franchised stores in Western Canada and is growing fast. The Parksville Panago Pizza location is one of the highest volume stores on Vancouver Island. The current owner has grown revenues from 600k per annum when he purchased four years ago to almost $900,000 last year. Over the first 10 months of the current year, the store has achieved revenues of $950,000 and is projected to easily reach 1.2 million in the current fiscal year.
Panago’s fresh approach to pizza has capture the consumer’s imagination and created a brand that is a recognized leader in the delivery-takeout category. Their extensive menu, targeted marketing programs and proprietary operating systems are all designed to put success within reach for every franchisee. The franchisor offers unparalleled support to franchisees.
Panago gives their franchisees the best mentorship and support in the business. Their support begins with an intensive seven-week training program that consists of six weeks of hands-on training, held in a designated training store, followed by one week of management training. The initial training is followed up by ongoing support in business operations, sales and marketing and food service operations.
This franchise is situated in a prime location on the old Island Highway in downtown Parksville – right across from the beautiful beaches that make this town a tourist magnet. The owner does not actively manage this location so a hands-on owner should be able to net well over 170k per year. Please click for pictures of the store.
Contact Keith MacKenzie at Chinook Business Brokers Ltd.for more information on this fantastic opportunity
Facilities:1518 square foot facility with room for in restaurant dining. The store is located on a busy street across from one of the busiest beaches on Vancouver Island.
Growth Potential:The store has been growing steadily for the last few years. There is still potential to achieve even greater sales.
Training/Support:The owner will train for up to two weeks and the franchisor provides a strong training and franchisee support program.
Sale Reason:Other business interests
Ad #74605
Seller Reference #CBB 4046
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Contact This Seller
Keith MacKenzie
Chinook Business Brokers Ltd.
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