Listing ID: 71387
As the economy begins recovering, why not buy yourself a business that has shown tremendous resilience. This established and profitable business opportunity has grown during the last 12 months and should continue to out perform in the post Covid era. The facilities, furniture, fixtures and equipment are only a couple of years old and are very well maintained. Now is the time to strike and make your mark before demand starts to push this market segment pricing into new highs. You don’t need to recreate the wheel since the present owner has already created the magic formula for your success. Just bring your “A” game, enthusiasm and desire to succeed and set yourself up to win the game of life!
- Asking Price: $400,000
- Cash Flow: N/A
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: $175,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,168
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
3200 SF Recently renovated street level Pizza/Pub restaurant on high traffic road with easy access and great visibility.
Available and Negotiable.
There is lots of competition in the area but this business has established a loyal following and continues to grow its customer base by offering a consistent high quality product in an attractive and comfortable setting.
Covid 19 has helped accelerate the growth of this business. While many restaurants have either closed their doors or reduced operating hours, this pizza/pub continues to out perform the competition. As they say, " The cream rises to the top" , this business has shown its resilience through one of the worst business environments in history. If you can make it through this, when things return to normal, business should boom!
The venture was founded in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. 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 range of other factors. This is why it is very vital that you not depend completely on a vendor's word, but instead, utilize the seller's response combined with your general due diligence. This will repaint an extra practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that profit margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new clients? Many times, companies have repeat customers, which create the core of their day-to-day revenues. Specific variables such as brand-new competition sprouting up around the area, road building and construction, and also personnel turnover can affect repeat customers as well as adversely affect future profits. One important point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the regional mean home earnings impact future income potential?