4 days ago — Description
Type: Famoso Franchise
Price: $199,000 plus renovations, 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 Famoso location has been operating since 2012 and is located in Market Square, Victoria. Located in the city’s downtown core, this area features more than 35 shops, restaurants and clubs within the square. Situated in a corner unit directly on the main street, this restaurant features great exposure and signage. Market Square holds various events throughout the year including vendor markets, special sales and festivals. Famoso is the only pizza restaurant within this location.
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.
The purchase price of $199,000 plus the cost of upgrades and renovations of $120,000. Fixtures, fittings, and equipment are included in the purchase price. The franchise fee and training costs are $45,000. There is $10,000 in inventory available.
Annual sales are within the $1.3M to $1.4M range. The initial anticipated cash flow to a full-time owner/operator is approximately $125,000 to $180,000.
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.
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Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.