241 Pizza is a Canadian-owned, Scarborough-headquartered delivery-and-takeout chain, and that format shows up in the resale: many locations run little or no dine-in seating at all, so the lease's use classification and the delivery fleet matter as much as the storefront itself. Add a combined pizza-and-wings menu — two different fryer-and-oven prep categories under one roof — and the diligence list looks different from a dine-in restaurant resale.
241 Pizza resales follow the franchisor's own approval process on top of the usual purchase mechanics — here's how the two run together.
Getting approved
Price and terms get set, conditioned on franchisor consent, an assignable lease, and confirming the unit's zoning and use classification actually support a delivery/takeout kitchen with minimal or no public seating.
1–2 weeks†241 Pizza's head office reviews the proposed buyer and deal terms, and may exercise a right of first refusal before the sale can proceed.
several weeks, typically†A franchise disclosure document may still be required for this resale — Ontario courts read the resale-disclosure exemption narrowly, so franchisor involvement can trigger it even where the deal is framed as private.
assessed early†Getting to closing
The landlord's written consent to assign the lease is pursued alongside a review of the delivery vehicles — owned or leased — and the driver roster, since delivery volume is central to how the unit actually operates day to day.
2–6 weeks†The incoming owner typically completes 241 Pizza's kitchen and delivery-operations training across both the pizza and wings sides of the menu before the franchisor finalizes approval.
before or shortly after closing†Funds, keys, and signed documents change hands, and dough, topping, and wing-product inventory is counted and settled at cost.
1 day, once conditions are met†CFA Look For A Franchise listing confirms 241 Pizza as wholly Canadian owned and operated, in business since 1986, with an established Canadian franchise network
A concentration of locations across Southern Ontario; Toronto-founded with head office in Scarborough
This is the first real decision in a 241 Pizza resale — and it changes what you're buying, what you're taking on, and how the franchise agreement moves.
| Question | Asset purchase | Share purchase |
|---|---|---|
| What you buy | The unit's kitchen equipment, delivery vehicles or their leases, leasehold improvements, inventory, and the franchise agreement's benefit, subject to franchisor consent. | The shares of the operating company — everything it owns, and everything it owes. |
| Franchisor consent & ROFR | Required for the specific unit changing hands; typically the pacing condition on the deal. | Required for the change of control itself — the franchisor reviews who is actually taking over. |
| Arthur Wishart disclosure | May still be required despite a resale framing — the exemption is read narrowly by Ontario courts. | The same disclosure analysis applies regardless of how the shares change hands. |
| Delivery fleet & drivers | Vehicle titles or leases are reassigned individually, and Employment Standards Act continuity rules typically apply to how driver staff carry over. | Vehicles and driver employment generally continue with the company unchanged, since the employer doesn't change. |
| The lease & use classification | Needs landlord consent to assign, plus confirming the municipal use classification still supports a delivery/takeout-format kitchen with little or no seating. | Usually stays in place unless the lease has its own change-of-control clause. |
| Typical use | The default for a single unit changing hands between one buyer and one seller. | More common where a family-owned group holds several 241 Pizza locations under one company. |
The unit's kitchen equipment, delivery vehicles or their leases, leasehold improvements, inventory, and the franchise agreement's benefit, subject to franchisor consent.
The shares of the operating company — everything it owns, and everything it owes.
Required for the specific unit changing hands; typically the pacing condition on the deal.
Required for the change of control itself — the franchisor reviews who is actually taking over.
May still be required despite a resale framing — the exemption is read narrowly by Ontario courts.
The same disclosure analysis applies regardless of how the shares change hands.
Vehicle titles or leases are reassigned individually, and Employment Standards Act continuity rules typically apply to how driver staff carry over.
Vehicles and driver employment generally continue with the company unchanged, since the employer doesn't change.
Needs landlord consent to assign, plus confirming the municipal use classification still supports a delivery/takeout-format kitchen with little or no seating.
Usually stays in place unless the lease has its own change-of-control clause.
The default for a single unit changing hands between one buyer and one seller.
More common where a family-owned group holds several 241 Pizza locations under one company.
We tell you which structure fits — before you sign anything.
No open-ended hourly surprises — the cost is confirmed in writing before any work begins.
| Type of work | Fee | How it's confirmed |
|---|---|---|
| Straightforward purchase or sale | Starting from $3,388.87 Our charges · taxes included | Confirmed in writing once we see the agreement. |
| Larger or more complex deal | Quoted to scope | Short call → fixed written quote before any work begins. |
| Searches, filings & third-party fees | At cost | Itemized on your invoice, not marked up. |
A single 241 Pizza delivery/takeout unit changing hands between one buyer and one seller, with a straightforward lease and delivery fleet review.
Start my file →A family-owned operator selling several 241 Pizza locations as one company, or a resale where the unit's use classification for a no-seating delivery format needs confirming before terms are final.
Book a consultation →Not sure which you are? That's our job to figure out, not yours. As a rough guide, most deals under a couple of million dollars are the first kind — above that, you're usually in Mergers & Acquisitions territory.
Generally, no — many locations run as delivery- and takeout-only, with little or no public seating. What matters is confirming the lease and municipal use classification actually match a delivery/takeout kitchen format rather than assuming a restaurant classification carries over automatically.
It can broaden it — a combined pizza-and-wings kitchen spans two different food-prep categories, so the change-of-operator inspection typically looks at both the oven line and the fryer line rather than just one.
Generally, the vehicles are handled as individual assets — owned outright, leased, or financed — and reassigned or paid out at closing, while driver employment is reviewed under Employment Standards Act continuity rules.
The underlying mechanics stay the same — franchisor review of the buyer and terms, and a right-of-first-refusal window — but buyers sometimes find the process runs through a more direct relationship with head office than a large multinational's corporate franchise division.
Possibly. Ontario courts have read the resale-disclosure exemption narrowly, and franchisor involvement in matching a buyer to a seller can be enough to trigger a full disclosure requirement even where the deal is framed as a private resale.
Related
Where we close franchise resale deals
Treadstone Law is an independent law firm. We act for buyers and sellers of franchise businesses. We are not affiliated with, endorsed by, or retained by 241 Pizza or its franchisor.
Tell us about your 241 Pizza resale — we'll point you the right way and confirm the cost in writing before any work begins.