Listing ID: 67549
Located in a high density, high traffic, high income area, this gorgeous pizza shop has been making “dough” for 10 years. Profitable all through Covid, it is now starting to blow up, due to the previously closed neighbors around it opening for business.
All equipment and ovens in top shape, recent renovations make this a finely tuned restaurant. Current owner does not sell beer or wine, but the addition could contribute significantly to the bottom line. Get in on the “pent up demand explosion”. This won’t last long at this price.
Jeff Neuburg 703-623-5575
- Asking Price: $105,000
- Cash Flow: $120,000
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,671
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
A beautiful set up that includes indoor (30) and outdoor (18) seating. Pizza oven, walk-in freezers, etc.
Owner moving overseas.
The venture was started in 2010, making the business 12 years old.
The deal will include inventory valued at $2,000, which is included in the suggested price.
The business has 4 employees and is located in a building with estimated square footage of 1,671 sq ft.
The building is leased by the company for $4,556 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the genuine factor and the one they say to you might be 2 absolutely different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or an array of other factors. This is why it is extremely crucial that you not depend completely on a seller's word, yet rather, make use of the seller's response in conjunction with your overall due diligence. This will repaint a more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new consumers? Many times, operating businesses have repeat clients, which develop the core of their everyday revenues. Certain factors such as brand-new competitors growing up around the location, roadway building, and employee turn over can influence repeat customers and adversely impact future earnings. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to build a returning consumer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the local mean house income effect future income prospects?