Listing ID: 70000
Step into the money factory! This Growing Summerville area Pizzeria is experiencing massive growth from Volvo, Mercedes, Boeing, Nexton Commerce and more!
This Summerville Suburb area Pizzeria & Italian Eatery is a Sales Machine is in a prime growth location and it is fully turnkey.
*Big Sales and Low Rent are what makes the listing a hot one and sure to go quickly!
This Extremely Popular Restaurant has been a huge hit with everyone from families, to business and groups for about decades! Don’t miss this opportunity to own your own
Turnkey, established and extremely profitable yet small and easy to run Pizzeria & Eatery!
**The Unit Economics of this Restaurant will Scream BUY ME!**
**AND DID WE MENTION CASH FLOW**
•$700-$900k Sales Annually
•Doing massive sales with little to NO Social Media Presence.
•Add Social Media and watch is expand rapidly!
•$1200 pm rent all in!
• Strong SDE/Cash Flow (Sellers Discretionary Earnings)
• Ample & Cozy Dining Room
•Add online ordering watch sales skyrocket!
• Cute and Authentic décor & Vibe
• Decades of wildly successful operation!
• Very Well Established
• Loaded with Good Will
• Proven Concept
• Full Training
• Total Turnkey
• Prime and Coveted Location experiencing massive growth
• Loads of Big Businesses & Industry Surrounding
• Located Near the Volvo Car Assembly Plant
• Approx 2500+ Sq Ft
• Lots of Free Parking
•Fully Equipped Kitchen
•Massive Walk in Cooler
•Massive Walk in Freezer
•Approved Grease Trap in Place
• This is a profits machine!!!!
Asking Price Only $425k
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
- Asking Price: $425,000
- Cash Flow: N/A
- Gross Revenue: $900,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 totally different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is really crucial that you not rely completely on a seller's word, yet instead, utilize the seller's answer in conjunction with your total due diligence. This will paint a much 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 certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too small. Numerous companies come under 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 obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new consumers? Many times, businesses have repeat customers, which develop the core of their day-to-day revenues. Particular aspects such as new competitors sprouting up around the area, roadway building and construction, and also staff turn over can impact repeat customers as well as negatively influence future earnings. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the chance to construct a returning client base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood typical home earnings impact future income prospects?