Listing ID: 69886
Management in Place | Growing Location | Great Reputation
Interested in becoming your own boss? Want to get into the restaurant business in booming 2022? This local pizzeria has a location on the main street in town. With a loyal customer base that reflects their attention to quality and taste. Great place to catch the game with friends or take the kids after the ball game. With a full bar and outdoor seating this restaurant is primed for growth.
• Great business with an established clientele and new additions to the fold daily.
• The establishment Grossed over $650,000 in 2021 – fourth year in a row of sales growth!
• Great opportunity for a first-time business owner to dive in!
• Well established business.
• Staff in place, owner can be active or absentee
Contact CBI Northwest Arkansas for more details about this business.
- Asking Price: $200,000
- Cash Flow: $83,079
- Gross Revenue: $790,946
- EBITDA: N/A
- FF&E: $86,468
- Inventory: $10,000
- Inventory Included: Yes
- Established: N/A
Slowing down -ready to focus on other business
The deal will include inventory valued at $10,000, which is included in the suggested price.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. However, the true factor and the one they say to you may be 2 entirely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a range of various other factors. This is why it is extremely crucial that you not count entirely on a seller's word, however rather, use the vendor's response along with your total due diligence. This will repaint an extra practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new customers? Many times, operating businesses have repeat consumers, which form the core of their daily earnings. Particular variables such as new competition sprouting up around the location, road building and construction, and employee turnover can impact repeat consumers as well as negatively affect future incomes. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood mean house earnings influence future revenue prospects?