Business Overview

This is hands down the most impressive pizza parlor around. The profit margins are through the roof due to its phenomenal reputation on Google to provide the best quality pizza around (meaning it can comfortably charge higher prices than competitors). The owner has owned numerous successful restaurants across the nation, and this is definitely the best yet! After creating such a masterpiece, the owner is now looking to retire following years of ultra-successful operations. Luckily, this means this platinum opportunity is now available. P.S. It’s beautiful!

Financial

  • Asking Price: $195,000
  • Cash Flow: $112,000
  • Gross Revenue: $325,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 Weeks

Purpose For Selling:

Retirement

Pros and Cons:

No one else is offering the style and quality pizza that this establishment is offering

Additional Info

The venture was founded in 2016, making the business 6 years old.
The sale shall not include inventory valued at $5,000*, which ins't included in the asking price.

The company has 5 employees and resides in a building with approx. square footage of 3,200 sq ft.
The building is leased by the business for $4,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the true reason and the one they say to you may be 2 totally different things. As an example, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of various other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, yet rather, make use of the vendor's answer in conjunction with your overall due diligence. This will paint a much more practical picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that revenue margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new customers? Most times, businesses have repeat clients, which form the core of their everyday revenues. Certain aspects such as brand-new competition sprouting up around the area, road building, and also employee turn over can impact repeat clients and negatively influence future earnings. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning customer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the regional mean family income impact future revenue potential?