Stevi B’s Pizza Buffet

Stevi B’s, a national pizza buffet restaurant franchise, was founded in 1996 in Atlanta. Recently purchased by Argonne Capital, an Atlanta private equity firm focused on growing restaurant and retail companies that are market leaders with strong growth potential, Stevi B’s currently has 28 franchised and four company-owned locations in seven states throughout the United States. With distinctive pizzas such as Loaded Baked Potato, Chicken Fajita, Cheeseburger Deluxe and Spinach Alfredo served fresh and at a great value in an atmosphere that is fun for adults and children, Stevi B’s is primed for growth throughout the United States.

Background

Year Established: 1996
Year First Franchised: 1998
Franchised Units: 29
Company Owned Units: 4
Projected New Units (12 months): 7 currently on the books (September 09-September 10)
States/Countries Registered In:

* Effective: California, Florida, Indiana, Kentucky, Michigan, Texas, Wisconsin and Virginia.
* Pending: Illinois, Maryland, Minnesota, New York.
* Not Registered: Hawaii, North Dakota, Rhode Island, South Dakota, Washington, Utah, Nebraska

Availability in Canada: Area Development

States, from which Referrals are not being accepted: Georgia, North Dakota, South Dakota, Washington, Rhode Island and Hawaii.

**We prefer to only have multi unit/area developers referrals. However we will accept single unit referrals for the following states: Georgia, Alabama, Mississippi, Florida, Tennessee, South Carolina, North Carolina, Kentucky, Michigan, Ohio and Minnesota.

Financial/Terms

Cash Investment: $150,000
Total Investment: $496, 000 to $670,000
Franchise Fee: $28,500 ($23,500 for units 2-5+ under development agreement)
Discounts: VetFran, Women, Minorities? None
VetFran Program Participant: N/A
Royalty: 5% of weekly sales
Ad: 4.5% weekly sales (currently 1.5% collected by franchisor, remaining 3% used by franchisee in local store marketing)
Average # of Employees: 20-25
Passive Ownership Allowed: Possibly, as long as certain qualifications are met
Earnings Claims: Yes

International Expansion:
International Opportunities: No
Countries, outside of United States, where the concept is currently available or plans to expand: Canada, Mexico, Puerto Rico
Single Unit Availability: No
Multiple Unit Availability: Yes
Area Development or Master Availability: Yes
Cash Investment: $150,000
Total Investment: $496, 000 to $670,000

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