Office ID: #000972
The licensing company that owns the concept and license rights of a locally well-known gourmet pizza restaurant in North Texas is now available for acquisition. This pizzeria started its legacy in 2001 and has rapidly grown to over 45 independently owned and operated stores in North Texas. What makes this restaurant different is its focus on fresh ingredients and handmade dough. All of the menu ingredients are top quality, freshly cut each day and the dough is made twice daily, once in the morning and in the afternoon to keep its freshness. All of its menu recipes were made from scratch and perfected by the current owner of this franchise who is not just a veteran business operator, but also an experienced chef as well. The full menu includes a variety of options including specialty pizza, oven-baked pasta, hot & cold sandwiches, salads, appetizers, desserts, etc. Each location has a strong relationship with local schools and organizations as well as local customers by providing personalized service, a strong and unique product line, and a comfortable atmosphere through exceptional built-out & interior. The major source of revenue for this company is ongoing rebate income from food suppliers & vendors which currently supply over to more than 45 licensed locations and one-time initial licensing fee income paid by a new licensed owner which typically ranges from 120K to 175K. The new owner of this company may consider a conversion of this licensed business to an officially registered franchise business which will in result generate more revenue stream through ongoing royalty and marketing fee of newly franchised location. Currently, there are still many available territories in DFW area, greater San Antonio, greater Houston, great Austin area and other major cities in Texas. Moreover, conversion this licensing company to registered franchise company will enable this 19-year established brand to gain nationwide presence by franchising this opportunity beyond North Texas market to numerous metropolitan areas in the entire United States. This is a great opportunity to acquire a company that owns the concept and license rights of this reputable full-service gourmet pizza restaurant which has an unlimited growth potential to be a national franchise brand.
The typical size of the restaurant ranges from approximately 2,000 SF to 2,500 SF and many locations are to be optimally placed in an end-cap space of retail strip centers. The average build-out cost (net after landlord's T.I. reimbursement) is anywhere between 175K and 200K for second-generation space or 250K and 300K for shell space in addition to the license fee.
First, this licensing company needs to expand its footage from DFW area to greater San Antonio, greater Houston, great Austin area and other major cities in Texas. In addition, this concept can be converted into a registered franchise business in order to expand beyond Texas to nationwide.
Competition is expected in this industry, but this business has built up its own solid customer base that has been accumulated in the last 19 years of operation by providing a strong and unique product line and exceptional customer service which has differentiated them from the competition.
The owner of this licensing company will provide sufficient training and post-sale consulting services for an agreed-upon period to make the transition into the business as seamless as possible.