Turnkey, Popular, Multi Location Pizza FranchiseListing: #PAE00307
About this Business for sale in Central PennsylvaniaTurnkey, Popular, Multi Location Pizza Franchise
According to Restaurant Business Magazine, Little Caesars is the third-largest chain and its self-service, heated Pizza Portals have helped it stay competitive in the carryout-pizza sector. Each of these unique, and well-operated, Little Caesars’ franchise capitalized on this value-added service by holding strong through the pandemic with virtually no impact to its sales. This multi-location franchise is strategically positioned within Pennsylvania and prepared to capitalize on the anticipated market growth over the next few years.
Little Caesars’ famous tagline of “hot and ready” has been a foundation for how the brand helps franchise owners deliver on that promise. Three years ago, the brand introduced what it calls “Reserve-N-Ready,” which allows customers to order directly from the mobile app or website. When the order is ready, guests receive a notification and can swing by the store to pick-up their order. The food is stored in the Pizza Portal for clients to retrieve upon arrival and stores the food at the ideal temperature. This solution and service ended up being a strong selling point during the COVID pandemic since the Pizza Portal is a no contact option for pizza customers. The clients simply have to scan their QR code and the portal automatically opens. Once the pandemic hit, the brand was proactive and helped franchisees by running, for about six to eight weeks, commercials showing how it cooked pizzas, sealed boxes, and utilized the contactless Pizza Portal.
The brand is also constantly evaluating the menu items in effort to drive new interest. Little Caesars recently released Stuffed Crazy Bread, the Pepperoni Cheeser! Cheeser!, and Slice-N-Stix, which combines four pizza slices with eight cheese bread sticks.
Statista reported in April 2021, that consumer spending on pizza delivery in the United States reached approximately 14 billion U.S. dollars in 2020, the highest figure since 2007. The industry reported its largest year-on-year growth in recent years, increasing by around three billion U.S. dollars between 2019 and 2020.
This multiple location franchise would be an attractive investment to a strategic buyer looking to expand geographically and add new locations to its existing franchise portfolio. It may also be an attractive opportunity for a buyer, perhaps from the hospitality industry, interested in a business already delivering profitable revenue and is fully operational.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.