Listing ID: 72520
Business: This is a very well-established pizza business with a separate tavern/bar that has all lottery services (including video poker). The “pizza side” of the business is very family friendly with excellent décor and offers a great atmosphere. Real property is not included in the sale. (Please ask for Real Property pricing).
Location: This business is situated on a major highway (four lanes with a center turn lane) in this recreational based small town about 45-50 miles from the Eugene area.
Fixtures & Equipment: Included in the sale is a POS system, 2 stacked gas fired pizza ovens, 18’x16’ walk-in cooler, pool tables, commercial mixers, all sheeting equipment (pizza dough) and much more. For a more detailed list of included and excluded items, please refer to the attached list.
Buildings: The entire building offers 4,567 square feet of space and is well positioned on .91 of an acre which is all usable and is paved for excellent parking availability for autos/trucks/and some RV vehicles. The building was constructed in 1976 and appears to have been well maintained. A new roof was recently installed. The building is well designed and attractive. It has two roof mounted air conditioners/heat pumps with a small additional heat pump on the outside wall of the tavern. The building is of log cabin style construction and is beautiful!
Lease: Seller is offering beginning rent to be $3,500 per month and is to be based on a full triple net basis. Offered lease length is five years with 2 five-year options. Sellers agree to give tenant a pre agreement right pricing should they decide to sell the real property.
Hours & Personnel: The tavern/bar is open from 11:00 AM until 11:00 PM Sunday through Thursday; and from 11:00 AM until 2:00 AM on Friday and Saturday. The pizza restaurant is open from 11:00 AM until 9:00 PM Sunday through Thursday and from 10:00 AM until 10:00 PM Friday and Saturday. The business is closed for Easter, July 4th, Thanksgiving and Christmas.
There are currently 17 employees that work from part-time to near full time and are paid $12.75-$13.50 per hour. The sellers work full time as schedulers and for supervision. Employees are not paid for health insurance.
Price & Terms: The sales price is $350,000 plus the value of the food and paper supplies which is estimated to be $5,000-$7,000 at seller’s cost. Buyer to assume an existing contract, a balance of approximately $200,000 payable in equal monthly payments of $2,280 including interest of 5% per annum. Seller will carry up to $60,000 payable in equal monthly installments of 5% per annum. The balance of the sales price paid in cash at time of purchase.
Note: Parking for 50+ vehicles in a paved lot.
- Asking Price: $350,000
- Cash Flow: $108,306
- Gross Revenue: $844,268
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,567
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
The company has 17 employees and is located in a building with approx. square footage of 4,567 sq ft.
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the true factor and the one they tell you may be 2 absolutely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of other reasons. This is why it is very crucial that you not count completely on a seller's word, however rather, make use of the seller's response together with your general due diligence. This will paint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new clients? Often times, companies have repeat clients, which develop the core of their day-to-day earnings. Particular variables such as new competitors sprouting up around the area, roadway construction, and also staff turn over can influence repeat consumers and adversely affect future earnings. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to construct a returning client base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional median house earnings impact future income potential?