Business Overview

Charleston Pizzeria: Over 20 years of pizza service from this location. Situated in a growing market already surrounded by rooftops. Business and facility have been well maintained and updated. Excellent potential for additional sales growth. Restaurant seats 75+ with monthly rent under $4500.00. Contact Tim Hagar 843-442-1872.

Financial

  • Asking Price: $119,000
  • Cash Flow: N/A
  • Gross Revenue: $550,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:15
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Free standing building at busy neighborhood intersection.

Is Support & Training Included:

Seller will train.

Purpose For Selling:

Seller is moving out of state

Opportunities and Growth:

Restaurant infrastructure would support many other concepts.

Additional Info

The venture was founded in 2010, making the business 12 years old.
The sale won't include inventory valued at $10,000*, which ins't included in the listing price.

The company has 15 employees and resides in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the company for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. However, the genuine reason vs the one they say to you might be 2 completely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in profits, or a variety of various other reasons. This is why it is really essential that you not count entirely on a seller's word, but instead, make use of the seller's solution together with your general due diligence. This will repaint a much more realistic image of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that revenue margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new customers? Often times, businesses have repeat customers, which form the core of their everyday revenues. Specific aspects such as new competitors sprouting up around the area, roadway construction, and also employee turnover can affect repeat clients as well as negatively impact future earnings. One important thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to construct a returning client base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the regional average home income influence future income potential?