Business Overview

Well established Italian pizzeria located in South West of Boston. The restaurant is situated in a busy downtown area serving real homemade Italian pizza and has been voted the #1 pizza in town. The pizzeria menu also consists of hot/cold subs, fresh salads, dinner and pasta dinners. The restaurant is clean and in a turnkey condition. This high-volume pizzeria will not last long, call today for more detail.
• Norfolk Country
• Sales: $1,196,000.00
• Seats: 22
• 1,360 sq. ft
• Rent: $2,200 Net
• Asking $459k with some owner financing

Financial

  • Asking Price: $459,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,360
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

As needed

Purpose For Selling:

Time to retire

Additional Info

The venture was established in 2014, making the business 8 years old.

The building is leased by the company for $2,300 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell companies. Nonetheless, the genuine factor and the one they tell you might be 2 totally different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or an array of other factors. This is why it is extremely vital that you not depend completely on a seller's word, however rather, make use of the seller's answer together with your total due diligence. This will repaint a more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new customers? Many times, companies have repeat consumers, which create the core of their day-to-day revenues. Specific variables such as new competitors sprouting up around the location, road building and construction, and employee turnover can impact repeat clients and also adversely influence future earnings. One vital point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the better the possibility to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the local mean home income effect future income potential?