Description
Per Franchisor regulations, Buyer needs to contact agent and complete non-disclosure agreement and personal financial statement prior to receiving sales and cash flow information. Little Caesars is one of the largest and fastest the growing pizza carry-out chains in the world with restaurants on five continents. Franchisor requires a minimum of 700 credit score, $250,000 net worth or 70% of purchase price, whichever is higher with $100,000 liquid cash or 20% of purchase price, whichever is higher. IRA and 401K not acceptable as liquid, only items that can be liquidated within 24 hours. Restaurant experience is preferred. Lease is currently for 4 years and has an extension clause until 2032. Current rent is $2850.13 (this includes base rent of $2358.13 + tax, insurance, CAM and fees). Potential buyer must commit to 250 hours (6 weeks) of mandatory training. Inventory is not included in the sale price. Only fixtures and equipment.
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permission from MiRealSource, Inc. Updated: 31st March, 2023 2:53 AM (UTC)
Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 31st March, 2023 2:53 AM (UTC)
Listing Agent: Sade Harper
Listing Office: EXP Realty LLC
