Listing ID: 70058
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 people choose to sell operating businesses. Nevertheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is very important that you not count entirely on a seller's word, but instead, utilize the vendor's response in conjunction with your general due diligence. This will repaint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also 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 need to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their daily revenues. Particular aspects such as brand-new competition growing up around the location, road construction, and personnel turn over can affect repeat customers as well as negatively influence future revenues. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the better the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood average house income influence future revenue prospects?