New to the site and I have to say I am happy that I have found the resource. It is making my process a lot easier and more strait forward.
What I am looking at is mainly franchise pizza shops that are for sale in a very large metropolitan area in a southern state. I am not at all opposed to an independent by any means but the ones that are available in this area are a pretty decent way away from me. Knowing that I will be devoting a huge amount of time to this enterprise, I want to be as close by as possible so that is part of why I am considering a couple of franchise locations that are available and supposedly profitable at this time. Both are between 15 to 20 years in operation.
The first thing that I want to confirm with them are the numbers naturally. I am hoping that the more experienced on this board can tell me things to look for and what I should be asking in re the due diligence process when researching these locations. I know that they are paying a specific percentage to their national franchise so that number should be easy enough to verify also they must purchase the majority of their supplies from them as well (yes I know that can be a hose job) so that is another area that I should be able to verify their rate of consumption.
At this first stage I am concerned with the numbers game to see if it all adds up to a good potential direction for me and my family. Don’t mind the hard work that will be coming but don’t wish to buy a pig in a poke through ignorance of questions that I should be asking and specifics I should be investigating.
In a couple of days I will come back and post the specifics and the math so to speak and see if perhaps I can get more focused feedback and then perhaps ask for advice on more equipment and operational details I should start discussing if the numbers add up well.
Thanks one and all,