Listing ID: 71496
Well established Italian pizzeria situated on a corner lot in an exciting community that continues to grow. The current owner has been in this location for serval years and wants to retire. They are willing to finance $100k FOR A QUALIFIED BUYER. Small store, very easy to run and “Hands On” management you should be able to increase the sales.
• Plymouth County
• Weekly Sales $16,500 +/-
• 1,100 sq ft
• Seats 18
• Rent: $2,300
• Asking: $310k w/200 down
Call Tim Harris @ 781-267-1504 firstname.lastname@example.org
Call Chris Tallino @ 617-943-7700 email@example.com
- Asking Price: $310,000
- Cash Flow: N/A
- Gross Revenue: $830,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
ON Hands Management!!!
The real estate is leased by the business for $2,300 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. However, the real factor and the one they say to you may be 2 entirely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, current decrease in earnings, or a range of various other factors. This is why it is really important that you not count entirely on a vendor's word, however instead, utilize the seller's response together with your general due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover things like inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new customers? Many times, companies have repeat clients, which develop the core of their day-to-day profits. Certain elements such as new competitors sprouting up around the area, road building, as well as employee turn over can impact repeat clients as well as negatively affect future revenues. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning customer base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the local mean home earnings influence future earnings prospects?