Listing ID: 71549
FOR YOUR CONSIDERATION
HRI Restaurant Brokers
A pizza concept that’s ready for you to own and turn into a franchising company.
This turnkey Pizza restaurant featuring the HOTTEST pizza concept to hit New England since Domino’s. A Detroit style pizzeria concept, it has a goal of 100% take-out, a limited menu and profit margins as high as 25%. They developed the Pizza Concept with the idea of opening one or two more and then
opening a Franchising Development Company. “K.I.S.S’ keep it simple s______, well this is very easy concept to run
• 2021 projected sales-on track $1.4 Million
• Strong profit margin’s -up to 25% of EBITDA
• 1,100 sq ft
• Rent: $3,200
• Seats: 2-4 goal is pick up and go
• Concept “set” franchising ready-ALL training & Recipe books are written
• Training AND OWNER FINANCING
• Asking For the Concept & Natick Business Assets
CALL FOR DETAILS w//owner financing (positive sign that it’s a healthy
and profitable concept) proof of funds required
HRI Restaurant Brokers
- Asking Price: $1
- Cash Flow: N/A
- Gross Revenue: $1,400,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
all f.f. & e new since 2019
The real estate is leased by the company for $3,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nonetheless, the real reason vs the one they tell you might be 2 completely different things. As an example, they may state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is very vital that you not rely completely on a vendor's word, yet instead, utilize the vendor's response along with your overall due diligence. This will paint a much more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover items like supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Often times, companies have repeat customers, which develop the core of their everyday profits. Certain aspects such as new competitors growing up around the area, roadway building, and staff turn over can impact repeat customers and adversely affect future profits. One vital point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to construct a returning client base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the regional median home earnings influence future income prospects?