Listing ID: 70100
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 sorts of reasons why individuals choose to sell businesses. However, the real factor and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in profits, or a variety of various other reasons. This is why it is very important that you not rely completely on a vendor's word, however rather, use the vendor's answer in conjunction with your general due diligence. This will repaint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Most times, businesses have repeat consumers, which develop the core of their everyday revenues. Specific factors such as new competitors growing up around the area, roadway building, and also personnel turnover can influence repeat clients and adversely impact future profits. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the neighborhood mean family income impact future income potential?