Pita Pit has been part of Ontario's quick-service landscape since the mid-1990s, and its small, food-court- and strip-plaza-friendly footprint means a steady flow of single-unit resales as long-time owners retire or move on to something else. Buying or selling one is a resale layered on top of a franchise system — the price and the premises matter, but so does the franchisor's consent, its right of first refusal, and whether the disclosure exemption a seller assumes applies actually does.
Pita Pit 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 key terms, with conditions built in for a Pita Pit unit specifically — franchisor consent, an assignable lease or licence agreement, and confirmed standing with the local health unit.
usually 1–2 weeks†Head office reviews the incoming buyer's application — food-service experience, financial capacity, fit with the system — and decides whether to exercise its right of first refusal instead of letting the sale proceed.
several weeks, typically†Ontario courts read the resale-disclosure exemption narrowly, so a franchisor-facilitated Pita Pit resale may still require a full Arthur Wishart disclosure document before you're bound to the deal.
assessed early†Getting to closing
A food-court unit typically sits under a licence agreement with the mall or centre operator; a standalone or strip-plaza unit sits under a commercial lease — each carries its own consent process and clock.
2–6 weeks†The incoming owner, or a designated manager, typically works through Pita Pit's brand-standard training before the transfer is finalized.
before or shortly after closing†Funds, keys, and signed documents change hands, alongside an inventory count of perishable stock and confirmation that the landlord's or centre's consent and the franchisor's sign-off are both in hand.
1 day, once conditions are met†CFA Look For A Franchise listing confirms an established Canadian franchise network, in business since 1995
Part of Pita Pit's established Canadian network with a strong Ontario presence
This is the first real decision in a Pita Pit 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 equipment, leasehold improvements, inventory, and the benefit of the existing Pita Pit franchise agreement, subject to franchisor consent. | The shares of the operating company — every location it holds under the Pita Pit banner, and everything it owes. |
| Seller's liabilities | Generally stay behind with the seller's existing corporation. | Generally come with the company, including obligations tied to any other locations it operates. |
| Franchisor consent & ROFR | Required for this specific unit, and typically the pacing condition on the whole deal. | Required for the change of control itself — the franchisor reviews who is actually taking over. |
| The lease or food-court agreement | Needs the landlord's or centre management's consent to assign, timed alongside the franchisor's own review. | Usually stays in place unless the agreement itself carries a change-of-control clause. |
| 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 in a Pita Pit resale | The default for a single unit changing hands. | More common where one operator holds several Pita Pit locations under one company. |
The unit's equipment, leasehold improvements, inventory, and the benefit of the existing Pita Pit franchise agreement, subject to franchisor consent.
The shares of the operating company — every location it holds under the Pita Pit banner, and everything it owes.
Generally stay behind with the seller's existing corporation.
Generally come with the company, including obligations tied to any other locations it operates.
Required for this specific unit, and typically the pacing condition on the whole deal.
Required for the change of control itself — the franchisor reviews who is actually taking over.
Needs the landlord's or centre management's consent to assign, timed alongside the franchisor's own review.
Usually stays in place unless the agreement itself carries a change-of-control clause.
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 unit changing hands.
More common where one operator holds several Pita Pit 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 Pita Pit changing hands between one buyer and one seller — a food-court or strip-plaza unit with a standard lease or licence agreement and a straightforward consent process.
Start my file →An existing multi-unit Pita Pit operator selling several locations as one operating company, or a resale where the franchisor's right of first refusal or a disclosure question needs to be worked through 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.
The build-out is smaller, but the resale mechanics aren't. Franchisor consent, a possible right of first refusal, and a disclosure question still apply the same way they would to a larger unit. What's usually lighter is the lease and equipment diligence, not the franchise-law side of the deal.
Often, yes. Multi-unit ownership is common in this system, and buying a second location can shift the deal toward a structure that keeps both units' agreements intact, plus a fresh look at how the franchisor's consent review treats an existing multi-unit operator.
It can be. Food-court units often sit under a licence agreement with the mall or centre operator rather than a standard commercial lease, and that agreement's own assignment terms — sometimes stricter, sometimes faster — need to be read alongside the franchisor's consent process.
Not necessarily. Ontario courts have read the resale-disclosure exemption narrowly, and franchisor involvement in matching buyer to seller can still trigger a full disclosure requirement. We confirm whether it applies to your specific deal early, rather than assuming it from the word 'resale.'
That's negotiated in your purchase agreement, not left to chance. We build in what happens to your deposit, your other conditions, and your closing date if franchisor review runs past the timeline you expected.
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 Pita Pit or its franchisor.
Tell us about your Pita Pit resale — we'll point you the right way and confirm the cost in writing before any work begins.