Listing ID: 70099
Step in to the money pit! This Sumter Pizzeria is in a prime location and fully turnkey. This Pizza Concept it a huge hit with locals, military, families tourists and college students. Don’t miss this opportunity to own your own turnkey, established and extremely profitable pizzeria.
And it all starts from Day 1….
• $700k+ sales annually
• Low Rent only $1700 a month ALL IN!
• 6 Day a week operation
• Expand Hours and Days of Operation and Rake MORE PROFITS!
• Approx. $140k annual cash flow/SDE
• Over 20 years in operation!
• Well Established
• Clean Books and Records
• Loaded with Good Will
• Newly remodeled
• Proven Concept
• Full Training
• Total Turnkey
• Prime Sumter Location with a multitude of business and commerce surrounding.
• Small footprint means lower overhead and $$ to run!
• only 1400 sq. ft….This pizzeria is a machine!!!!
Asking Price $299,000
Listing # 6100MS
CONTACT Michael Stavrinakis
Pacific Restaurant Brokers
815 Savannah Hwy Suite 201
Charleston, South Carolina 29407
(843) 868-1583 direct
(949) 424-6065 office
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: $299,000
- Cash Flow: $140,000
- Gross Revenue: $700,000
- 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 people choose to sell operating businesses. However, the true factor and the one they tell you may be 2 totally different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a range of other reasons. This is why it is really important that you not depend totally on a vendor's word, however instead, utilize the vendor's response combined with your overall due diligence. This will repaint a more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering things like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that profit margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Many times, companies have repeat customers, which create the core of their day-to-day earnings. Particular elements such as new competitors growing up around the area, road construction, and employee turnover can impact repeat consumers as well as negatively affect future profits. One crucial thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the higher the chance to build a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? How might the local median home earnings influence future revenue prospects?