Listing ID: 71279
Established pizza restaurant with full liquor license offering dine in and take out service. An outside patio is also available for seasonal seating. The menu offers pizza, sandwiches, salads, pasta, burgers, wings, etc with full liquor license. Open 7 days a week. 16 Years remain on the lease. FF&E list and financials can be shared upon execution of a confidentiality agreement.
- Asking Price: $350,000
- Cash Flow: N/A
- Gross Revenue: $785,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1976
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,750
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Willing to train new ownership.
Owner wants to focus on other business ventures.
The venture was established in 1976, making the business 46 years old.
The building is leased by the company for $4,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or a variety of other factors. This is why it is really vital that you not depend absolutely on a vendor's word, but instead, use the seller's answer together with your general due diligence. This will repaint a more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too tight. Many organisations 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 commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new customers? Many times, operating businesses have repeat customers, which create the core of their day-to-day profits. Particular aspects such as new competition growing up around the location, road building, and also staff turnover can influence repeat consumers and also adversely impact future revenues. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to develop a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the local mean family income influence future revenue prospects?