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Asking Price$160,000
Revenue$402,982 Established2013
Cash Flow$60,447 Employees1 full, 18 part
FF&E$114,617* FranchiseYes
Inventory$4,860* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner living in South Dakota has hired a staff to operate this business with sales over $400,000. The restaurant industry forecasts double-digit growth in the quick-service sector through the year 2022 and this Pita Pit in Omaha is a perfect purchase. Located on 120th and L at L Street Marketplace there are several major draws for traffic: SuperTarget, Starbucks, Buy Buy Baby and Kirkland’s Homegoods. The L Street corridor sees estimated average daily traffic of 94,724 vehicles.
Having undergone a major overhaul before the opening in 2013, included in the purchase price is $114,617 in equipment, $4,860 in inventory and $150,376 in leasehold improvements. The existing staff of 19 employees is on hand to manage as Pita Pit is absentee owned with the Seller living in South Dakota. Additional support of the franchisor when it comes to marketing, business planning and operations is priceless as there are over 240 locations in the U.S. and 580 worldwide, however this is the only one in Omaha!
The National Restaurant Association’s National Household Survey shows 75% of adults are more likely to visit a restaurant with healthy menu options, making Pita Pit an obvious choice. Gluten free, vegetarian and vegan menu options are offered. Growth opportunities include opening on Sundays to capitalize on weekend traffic and marketing catering opportunities to nearby offices and other retailers in the area.

Financial Overview
List Price: $160,000
Gross Sales
2014: $402,982
Industry Standard (15%) Cash Flow: $60,447
Valuation: Cost to Create
It would take a person far more money, time, and energy to build out a restaurant with necessary plumbing and electric, purchase equipment and inventory, hire and train staff, develop a menu, and establish a website with online presence than it would to purchase this business with ease for $160,000

Assets Included in Purchase $119,477
Equipment: $114,617 in restaurant equipment, including walk-in freezers and coolers
Leasehold Improvements: $150,376 in completely remodeled bathrooms, ductwork, hood work, rooftop units, grease fan, supply fan
Inventory: $4,860
Intangible Assets: Existing staff and location, franchise support through general marketing fund

Business Information
Year Established: Franchise Est. 1995, location Est. 2013
Location: Omaha, Nebraska (120th & L Street)
Capacity: Seating for 64
Reason for Selling: Out-of-State Owner
Traffic Counts: 94,724 cars daily
Employees: 19
Hours: Mon-Sat 11am-8pm, Closed on Sundays
Seller Training Period: 90 Days
Growth Opportunities: Open Sundays to draw in more traffic, market catering to nearby offices
Current Owner’s Responsibilities: Absentee-owned with Seller living in South Dakota

Funding Example
Purchase Price: $160,000
15% Buyer Down Payment: $24,000
15% Seller Financing: $24,000
70% Bank Loan: $112,000
Facilities:Capacity: Seating for 64 $150,376 in completely remodeled bathrooms, ductwork, hood work, rooftop units, grease fan, supply fan Traffic Counts: 94,724 cars daily
Growth Potential:Open Sundays to draw in more traffic, market catering to nearby offices
Training/Support:90 Days and Franchise Training
Seller Financing:15% Seller Financing: $24,000
Sale Reason:Out-of-State Owner
Ad #78596
Seller Reference #RES054
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Contact This Seller
Cortney Sells
The Firm Business Brokerage
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