Listing ID: 70056
Step in to the money factory! This Myrtle Beach, SC Area Pizza Machine is in a prime location and fully turnkey.
This Extremely Popular Restaurant has been a huge hit with everyone from families, to business and groups for about 40 years!
Don’t miss this opportunity to own your own
Turnkey, established and extremely profitable yet small and easy to run restaurant!
**Limited Owner Financing Available**
**AND DID WE MENTION CASH FLOW**
• 400k+ Annual SDE (Sellers Discretionary Earnings)
• $1 million+ sales annually
• Approx. $400k+ annual cash flow/SDE
• Over 40 years of wildly successful operation!
• Very Well Established
• Clean Books and Records • Strong Brand ID
• Loaded with Good Will
• Proven Concept
• Full Training
• Total Turnkey
• Prime and Coveted Location.
• Thousands of Tourists, Roof Tops and Lots of Businesses Keep
• Located on One of busiest hwy in South Carolina
• 4000+ Sq Ft
• Great Lease terms $8k a month all in
• Seats Approx 130+
• This is a profits machine!!!!
Offered at only: $749,000
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
For more information and full disclosure please submit our Confidentiality Agreement found here: https://pacificrestaurantbrokers.com/east-coast-usa-confidentiality-agreement/
- Asking Price: $749,000
- Cash Flow: $400,000
- Gross Revenue: $1,000,000
- 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 individuals resolve to sell operating businesses. However, the real reason and the one they say to you may be 2 totally different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is extremely essential that you not rely totally on a vendor's word, however instead, make use of the vendor's response combined with your total due diligence. This will repaint a more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering items like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new consumers? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Particular factors such as brand-new competition growing up around the area, road construction, and staff turnover can affect repeat customers as well as adversely impact future profits. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to construct a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the neighborhood average home earnings influence future earnings prospects?