Panago operates as a delivery-and-takeout pizza format across Canada, built around online ordering rather than dine-in seating. In Ontario specifically, it holds a smaller footprint than some national pizza brands, so a resale here comes with fewer comparable transactions to benchmark against — which makes territory, marketing-fund, and franchisor-support questions worth confirming directly rather than assuming from a bigger market's experience.
Panago 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
The offer sets price and structure, conditioned on franchisor consent and confirming the delivery equipment and vehicles included in the sale.
1–2 weeks†The franchisor reviews the incoming operator's background and financial capacity before consenting to the transfer.
3–6 weeks†A 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
Landlord consent to assign the lease on a smaller, kitchen-focused footprint built for delivery and takeout rather than dine-in traffic.
2–4 weeks†The incoming owner typically completes brand operations training before or shortly after taking over the location.
1–3 weeks†Funds and keys change hands, alongside an inventory count and confirmation of delivery vehicle arrangements.
1 day, once conditions are met†CFA Look For A Franchise listing confirms an established Canadian franchise network, in business since 1986, CFA member since 2004, with an official franchise site at panagofranchise.com
Ontario delivery/takeout locations confirmed in Toronto, Oshawa and Whitby among its national Canadian network
This is the first real decision in a Panago 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 location's assets — kitchen equipment, leasehold improvements, inventory, and the franchise agreement's benefit, subject to consent. | The shares of the operating company — everything it owns, and everything it owes. |
| Franchisor consent & ROFR | Required for the specific location changing hands. | Required for the change of control itself. |
| The lease | A delivery-focused footprint is typically smaller and kitchen-heavy rather than seating-heavy, though the same landlord-consent process applies. | Usually stays in place unless the lease has its own change-of-control clause. |
| Delivery vehicles/equipment | Itemized and confirmed as company-owned, leased, or driver-owned before being included in the asset purchase. | Vehicle arrangements stay with the corporation; existing insurance and lease terms carry over. |
| Tax angle | Buyer gets a stepped-up cost base on the assets purchased. | Seller may access the lifetime capital gains exemption on qualifying shares. |
| Typical use | The default for a single location changing hands. | Less common — occasionally used where an operator holds several locations under one company. |
The location's assets — kitchen equipment, leasehold improvements, inventory, and the franchise agreement's benefit, subject to consent.
The shares of the operating company — everything it owns, and everything it owes.
Required for the specific location changing hands.
Required for the change of control itself.
A delivery-focused footprint is typically smaller and kitchen-heavy rather than seating-heavy, though the same landlord-consent process applies.
Usually stays in place unless the lease has its own change-of-control clause.
Itemized and confirmed as company-owned, leased, or driver-owned before being included in the asset purchase.
Vehicle arrangements stay with the corporation; existing insurance and lease terms carry over.
Buyer gets a stepped-up cost base on the assets purchased.
Seller may access the lifetime capital gains exemption on qualifying shares.
The default for a single location changing hands.
Less common — occasionally used where an operator holds several 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 delivery/takeout location changing hands between one buyer and one seller, with a straightforward lease.
Start my file →A resale where territory or marketing-fund support questions need extra confirmation given the brand's smaller Ontario footprint, or a multi-unit operator adding a location.
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.
It can — with fewer comparable Ontario transactions to reference, we lean more heavily on the specific location's own numbers and on confirming territory and marketing-fund support directly with the franchisor, rather than assuming terms that apply in a bigger market.
Typically, yes — these locations are usually a smaller, kitchen-heavy footprint built for delivery and takeout rather than dine-in seating, which simplifies some aspects of the lease review compared to a full-service restaurant.
It varies by location, so we confirm this directly rather than assume — vehicle arrangements affect what's actually included in an asset purchase and what insurance or lease terms need reviewing.
Not necessarily. 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 regardless of how the deal is described.
Brand operations training covering the delivery-and-online-ordering model specifically, typically completed before or shortly after closing so there's no gap in day-to-day management.
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 Panago Pizza or its franchisor.
Tell us about your Panago Pizza resale — we'll point you the right way and confirm the cost in writing before any work begins.