Business Overview

An Established pizzeria unlike any around. This restaurant has over a decade of profitability and is located in a desirable area. They feature various deep dish options and other menu items such as calzones, sandwiches, and wings. The business has done EXTREMELY well throughout the pandemic and is on pace to do the same through 2021.
About 70% of their business is take-out, or delivery and average ticket prices range from $25-$35. Low rent and very easy to manage. Act fast as the business is priced to move quickly,

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Financial

  • Asking Price: $185,000
  • Cash Flow: $130,000
  • Gross Revenue: $387,815
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $1,500
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The sale does include inventory valued at $1,500, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 absolutely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is really important that you not depend completely on a seller's word, however instead, utilize the vendor's solution together with your general due diligence. This will paint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract brand-new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as new competitors sprouting up around the area, road building, and staff turn over can affect repeat customers and negatively affect future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the better the possibility to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional average household earnings effect future earnings potential?