Business Overview

Established over 20 years, this Specialty Pizza restaurant has a cult-like following. Located in a very sought after location in Seattle. Short hours (dinner only) except for Sunday 12-8 Tues-Sat 4-9pm. COVID did not hurt this place at all! This has been absentee, Seller was living in Eastern Washington and just started back a few weeks ago. Perfect for any food concept should you want to change but why would you? Could easily add other items as well. Great lease, lots of equipment, walk ins, desirable location and decor. What more can you ask for.

Financial

  • Asking Price: $259,000
  • Cash Flow: N/A
  • Gross Revenue: $741,818
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,624
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Great location, comfortable atmosphere. Perfect for any concept.

Is Support & Training Included:

seller will train

Purpose For Selling:

moving out of state family obligations

Pros and Cons:

No Competition when it comes to this Pizza. This is a Specialty hard to find Pizza that people go out of their way for.

Opportunities and Growth:

Could easily add other items other then this specialty pizza.

Additional Info

The venture was started in 2000, making the business 22 years old.

The business has 6pt employees and is located in a building with estimated square footage of 1,624 sq ft.
The real estate is leased by the company for $5,100 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell companies. However, the real reason vs the one they say to you might be 2 totally different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is really essential that you not count absolutely on a seller's word, however instead, make use of the seller's response together with your total due diligence. This will repaint a more realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things like inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new consumers? Often times, businesses have repeat clients, which create the core of their daily earnings. Particular aspects such as brand-new competition sprouting up around the location, road construction, as well as staff turn over can influence repeat clients and adversely affect future revenues. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the better the possibility to build a returning client base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the neighborhood average house earnings influence future income prospects?