Pita Pit Franchise Resale in Downtown Tempe (Mill Avenue)

Price: $180,000

Location: Downtown Tempe

Industry: Restaurant

Listing ID: 2053

Listing Description

Pita Pit is a rapidly expanding franchise with more than 200 locations in the United States and over 600 locations worldwide. This restaurant is situated in the heart of Downtown Tempe on Mill Avenue. It is a fast-casual restaurant featuring pitas made with classic Mediterranean staples like grilled chicken and roasted red peppers and offer an array of international ingredients like cilantro and Sriracha sauce. In addition to its unique food with plenty of healthful menu options, this restaurant has an extensive catering operation. The franchisor provides excellent support to its franchisees and will give the new owner the opportunity to open additional stores. After acquiring the restaurant in April 2018, the current owner has increased sales 30% year-over-year and achieved recognition as franchisee of the year. This location is on the upswing and now is a great time to jump in and take it to the next level! The typical initial investment of a new Pita Pit franchise is $216,354 – $435,103, so this opportunity is priced to sell! DO NOT DISTURB BUSINESS OR EMPLOYEES. ALL SHOWINGS TO BE ARRANGED IN ADVANCE WITH THE LISTING BROKER.

 

Listing Details

Total Sales: $421,225

SDE: $48,167

Franchise?: Yes