Pita Pit Franchise For Sale in Auburn, Alabama

Principle Business Advisors presents this established quick-service franchise located in Auburn, Alabama. This Pita Pit offers counter-service, online ordering, delivery, and catering services. Pita Pit awards itself for its customizable, healthy menu that fits many lifestyles! This franchise is available for sale because the owners are looking to retire. The business is currently run absentee with a full-time general manager (GM). Financials listed in the ad are recast 2019 financials with an owner-operator. If the new owner would like to keep the GM and own the business absentee the net profit should be reduced by the GM salary. The store was closed for 5 1/2 months in 2020 with the business resuming normal hours in December. This is an opportunity to buy a very profitable, well-known, national franchise for "pennies-on-the-dollar". A Pita Pit franchise typically starts around $216,000. The franchisor has offered to waive the franchise transfer fees of $7,000 in order to expedite the sale process. Contact the listing broker Joel Duran, CMSBB at (504) 313-1038 for more information. **The employees do not know this business is for sale. ALL INQUIRIES MUST BE SUBMITTED through the listing broker. Location: Auburn, Alabama Year Established: 2007 Number of Employees: FT:2 PT:7 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 1,335 Rent: $2,500.00 Per Month Lease Expiration: 6/30/2025 Facilities: The current franchisee has made arrangements with the Franchise that a new owner can take over without having to make any updates to the store. Market Outlook/ Competition: This is an excellent growing college market with many opportunities for late-night business. Growth & Expansion: This store has always been absentee owned and the current owner believes sales could be immediately improved with an owner-operator. The numbers shown above are conservatively recast for an owner-operated store. Business hours could easily be expanded with the right owner.