Listing ID: 71298
Tasty pizza and fabulous food and delivery business for sale. Excellent opportunity to own a successful restaurant. This restaurant turns lots of cash.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $219,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2013, making the business 9 years old.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is extremely vital that you not depend entirely on a vendor's word, yet instead, utilize the seller's solution together with your general due diligence. This will paint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that revenue margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new customers? Many times, companies have repeat consumers, which form the core of their daily earnings. Specific aspects such as new competitors sprouting up around the location, roadway construction, as well as personnel turnover can affect repeat consumers and adversely influence future revenues. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the opportunity to construct a returning consumer base. A final thought is the general location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the neighborhood mean home earnings effect future revenue prospects?