Listing ID: 72518
Lease and purchase a seasoned, highly successful pizza restaurant
- Asking Price: $249,000
- Cash Flow: N/A
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Renovated 2005 APN Parcel ID # 117940 & 179016
Successful, High Quality Pizza Restaurant. Will provide training.
Moving out of area
This is the only pizza on the north end of Bend. "Little Pizza Paradise"
The business was founded in 1998, making the business 24 years old.
The business has 7-9 employees and resides in a building with approx. square footage of 2,000 sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the true factor and the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in revenues, or an array of other reasons. This is why it is really important that you not depend totally on a seller's word, yet instead, make use of the seller's answer together with your general due diligence. This will paint a more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new customers? Many times, operating businesses have repeat customers, which form the core of their everyday profits. Particular aspects such as brand-new competitors sprouting up around the location, road building, and also employee turnover can influence repeat customers as well as adversely influence future profits. One important thing to take into consideration is the area 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 regularly, the higher the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the regional typical house earnings influence future revenue prospects?