Amazing Panago Franchise Parksville BC For Sale

Category: For Sale
Address: 102 Island Hwy E,
City: Parksville
State: British Columbia
ZIP:
Full Price: 690,000
Down Payment: 690,000
Annual Gross Sales: 1.1 million
Adjusted Annual Profit: 200,000
Status: Sold

Chinook Business Brokers is proud to present an excellent opportunity to invest in one of the most respected pizza chains in the country. Panago Pizza currently has 185 franchised stores in Western Canada and is growing fast. The Parksville Panago Pizza location is one of the highest volume stores on Vancouver Island. The current owner has grown revenues from 600k per annum when he purchased four years ago to almost $900,000 last year. Over the first 10 months of the current year, the store has achieved revenues of $950,000 and is projected to easily reach 1.2 million in the current fiscal year.

Panago’s fresh approach to pizza has capture the consumer’s imagination and created a brand that is a recognized leader in the delivery-takeout category. Their extensive menu, targeted marketing programs and proprietary operating systems are all designed to put success within reach for every franchisee. The franchisor offers unparalleled support to franchisees.

Panago gives their franchisees the best mentorship and support in the business. Their support begins with an intensive seven-week training program that consists of six weeks of hands-on training, held in a designated training store, followed by one week of management training. The initial training is followed up by ongoing support in business operations, sales and marketing and food service operations.

This franchise is situated in a prime location on the old Island Highway in downtown Parksville – right across from the beautiful beaches that make this town a tourist magnet. The owner does not actively manage this location so a hands-on owner should be able to net well over 170k per year. Please click for pictures of the store.


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The Seller knows that to sell the business he will have to share information with the Prospective Buyer that otherwise he would prefer kept away from both the public and the other stakeholders such as employees, suppliers or customers. Because of this, we insist that any confidential information is only shared with prospective purchasers who are genuinely interested in procuring a business. To maintain the level of confidentiality necessary to complete a transaction of this nature we require that prospective buyers complete a non-disclosure agreement. By clicking agree below, you, the prospective purchaser, agree not to share anything you learn about the business with anybody other than your lawyer, accountant or other professional advisors; and you also warrant that these people will also be bound by this agreement.

You also agree that you will not approach the business owner, staff or management without the express consent of the Broker. You understand that you, the Prospective Buyer, will be held accountable for any damages to the Seller arising from the disclosure of information to any other party contrary to the agreement.

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