Listing ID: 70001
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 sorts of reasons why people decide to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 entirely different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is extremely essential that you not depend completely on a vendor's word, however instead, utilize the vendor's solution together with your general due diligence. This will paint a much more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new clients? Most times, companies have repeat consumers, which form the core of their daily revenues. Specific elements such as new competition growing up around the location, roadway building and construction, as well as staff turnover can influence repeat clients and also negatively influence future earnings. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood mean household income influence future revenue prospects?