EASTPOINTE owner financing home - a commercial property ( beds, baths)

This established dual franchise of Papa Romano's Pizza & Mr. Pita, located on the bustling Gratiot Avenue in Eastpointe, MI, has ben serving the local community for over 30 years. Offering a diverse menu of pizzas and pita wraps, this business has built a solid reputation with a loyal customer base and generates consistent revenue. The gross annual income for both 2022 and 2023 was approximately $300, 000, with 2024 year-to-date earnings already reaching $218, 000, expected to match prior years by year-end. Operating costs, including a 10% royalty fee, account for 80% of gross income, yielding an estimated EBITDA of $60, 000 and a Net Operating Income (NOI) of $20, 400 per year. The business includes a $75, 000 inventory and a franchise transfer fee of 10% of net sales, with an initial franchise fee of $4, 000. The new owner will benefit from 200 hours of local training, ensuring a smooth transition. The business operates with 4 experienced employees, all willing to remain under new ownership, providing continuity for day-to-day operations. The lease is fixed at $3, 300 per month, including triple net (NNN) expenses, and is locked in until 2029, offering stable and predi...

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ctable operating costs. The landlord is open to renewing the lease with qualified tenants, and the current owner is willing to act as a guarantor to provide additional security. Additionally, the buyer will have the first right of refusal on the existing lease. This business presents a unique opportunity for a buyer looking to invest in a well-established dual-brand franchise. With a $120, 000 asking price, a $50, 000 down payment, and seller financing available via a land contract at 7% interest, it offers both financial flexibility and strong earning potential. Positioned in a high-traffic location with favorable lease terms and solid corporate support, this franchise is primed for continued success under new ownership.This owner financing home is a commercial property located in EASTPOINTE. It offers in size, beds and baths. Review its detailed information and determine if this EASTPOINTE owner financing has the qualities you are looking for.  

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This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.