Business Overview

Well established pizza and seafood restaurant in East Providence. High volume pizzeria offering dine-in, take out or delivery. Harbor Touch POS system and all of the latest ordering apps make managing this fast paced restaurant a breeze. Restaurant seating capacity of 36. Sale includes all furniture, fixtures and equipment. Truly a turn key business opportunity.
Favorable lease in place. Seller financing available for qualified buyer.

Financial

  • Asking Price: $295,000
  • Cash Flow: $134,000
  • Gross Revenue: $788,000
  • EBITDA: N/A
  • FF&E: $175,000
  • Inventory: $30,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,900
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Leased free standing building

Is Support & Training Included:

As needed.

Purpose For Selling:

Owners have other business interests

Additional Info

The business was started in 2010, making the business 12 years old.
The sale does include inventory valued at $30,000, which is included in the listing price.

The business has 7+ employees and is situated in a building with estimated square footage of 1,900 sq ft.
The property is leased by the company for $1,750 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. However, the real reason vs the one they say to you might be 2 totally different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is really important that you not count completely on a vendor's word, however instead, make use of the seller's response combined with your general due diligence. This will paint a much more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money so as to cover points like stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also 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 may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in brand-new consumers? Often times, businesses have repeat clients, which create the core of their day-to-day profits. Specific factors such as new competitors sprouting up around the area, road building, as well as staff turn over can impact repeat consumers and also adversely affect future incomes. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the local median home earnings impact future earnings prospects?