Listing ID: 67740
Pizza restaurant for sale in Baltimore Maryland. This restaurant is located in a heavy populated area. Serving everything from brick oven specialty pizzas, build your own pizza, great selection of appetizers as well as a self serve tap beer wall with over 10 different kinds of beer. We are looking for a motivated restauranteur to take this business to its full potential and have priced it for a quick sale. Cheap rent!
Please inquire for more information.
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: $200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2021, making the business 1 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nonetheless, the real factor and the one they tell you might be 2 completely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competition, current reduction in earnings, or an array of various other reasons. This is why it is really essential that you not count absolutely on a vendor's word, yet instead, use the vendor's response together with your general due diligence. This will paint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new customers? Often times, businesses have repeat clients, which develop the core of their daily profits. Certain aspects such as brand-new competitors growing up around the location, road building and construction, and personnel turn over can impact repeat clients as well as negatively influence future profits. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the opportunity to construct a returning client base. A final thought is the general location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the regional typical house income influence future earnings potential?