Business Overview

Profitable Boston Pizzeria with Dynamite Rent. This restaurant has a strong location and growing sales. The customer base includes college students, young professionals and a densely packed neighborhood. This is perfect for a second location or a first-time Buyer.

FACILITY: Newer Pizzeria & Café that has been well maintained
and in good condition
PARKING: Street Parking Available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 5 years with options available
BASE RENT: $2,500 gross (that includes the triple nets)
CONCEPT: Pizzeria & Cafe
SIZE: 1,000 sf plus full basement
SEATS: 10 seats
HOURS: Open daily 10a-11p – open later Fri & Sat
LICENSES: CV
SALES: $600,000 per year
CASH FLOW: $140,000 per year

ASKING PRICE: $149,000 (For the Business)
Some Financing Available for Qualified Buyers

Financial

  • Asking Price: $149,000
  • Cash Flow: $140,000
  • Gross Revenue: $600,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nevertheless, the true reason and the one they tell you may be 2 totally different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is very vital that you not depend completely on a seller's word, but instead, use the vendor's solution in conjunction with your overall due diligence. This will paint an extra realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in new consumers? Most times, operating businesses have repeat customers, which create the core of their daily profits. Certain variables such as brand-new competitors growing up around the area, roadway building, as well as personnel turnover can affect repeat clients as well as negatively influence future profits. One important thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the better the possibility to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional average family earnings effect future revenue prospects?