Current Use by Public Records
- Commercial real estate
Property Details for 0 Address Provides After Signing Nda
- Property type
- Commercial real estate
Description
This established pizza franchise in Keene, Johnson County, Texas, presents a compelling investment opportunity. Boasting consistent annual sales exceeding $500,000 in recent years, this business generated an owner benefit of $80,000 in 2023. The 1,470 square foot space, located in a high-visibility area near a college and with a contract with the local school system, is leased under a NNN agreement expiring December 31, 2026 (approximately 2.1 years remaining). Rent is exceptionally low at only $1,600 per month, inclusive of CAMs, representing just 4% of gross sales. The fully equipped commercial kitchen features two Lincoln conveyor ovens, a Hobart mixer, stainless steel refrigeration, and other essential equipment. The franchise offers brand support, name recognition, and established recipes featuring hand-stretched dough and generous portions. Royalty fees are 6%, and marketing fees are 4%. The franchisor provides two weeks of training in the local area, and the transfer fee is low. This turnkey operation offers significant potential for growth through expanded catering and marketing initiatives. The asking price is $215,000, representing a compelling cap rate of 37.21% and a price per square foot of $146.26. Financial documentation, such as a recent bank statement, brokerage statement, 401K statement, or letter from your banker, will be required for pre-screening before further financial details are disclosed.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Keene
- County
- Johnson
- State
- Texas
- Longitude
- -97.3328
- Latitude
- 32.3947
