Oct 11, 2019 — Description
Location: Calgary (Kensington)
Type: Famoso Franchise
Price: $295,000 plus training fee and any applicable taxes
Famoso is a neighborhood pizzeria founded on the passion for traditional, fire-roasted pizzas from Naples, Italy. Using authentic ingredients, Famoso customers are promised a fun and lively atmosphere that will keep them coming back time and time again.
With 30 franchises in Canada, additional new locations opening this year, and numerous awards for the Best Pizza in various cities across Western Canada, Famoso provides franchisees an opportunity to be part of a successful nationwide team. Famoso is part of the FDF Brandz family which also includes Fatburger and Ricky’s Restaurants.
This is a unique opportunity to convert an existing restaurant into a Famoso location in the highly desirable Kensington area of Calgary. Located within walking distance from downtown, Kensington offers a unique inner-city experience. This area boasts excellent foot traffic from those exploring over 250 shops, restaurants, bars and cafes. This existing restaurant has been in operating in this location for 35 years.
The Franchisor is looking for a full-time motivated owner/operator with business management capabilities to bring this new concept to life. Critical to your success is full-service restaurant experience and your commitment to the systems and standards involved in the daily operation of your restaurant.
This unique opportunity is available at a fraction of the cost of opening a brand-new restaurant. The purchase price of $295,000 includes the cost of the conversion, fixtures, fittings, and equipment. The franchise fee and training costs are $45,000.
Average annual sales within the Famoso group are $1.25 million per location. The initial anticipated cash flow to a full-time owner/operator is approximately $140,000.
Potential buyers can contact broker.
After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, credit rating, and liquid cash available. Franchisor is looking for liquid cash of a minimum of 60% of price.
Once initial documents are returned specific details and financials of the business will be shared. Business owners or staff are not to be approached directly. The attached picture is for marketing purposes only and not an actual depiction of the business for sale.