Listing ID: 72553
An expanding Pacific Northwest Franchise, looking for a new owner at this turnkey establishment.
We are serious, edgy, irreverent. Pizza, craft beers, family-friendly, eclectic. Pizza Schmizza is an Oregon-based chain of New York style pizzerias offering some of the most unique pizza-by-the-slice treats your customers will ever have. Not only does this establishment serve up these unique masterpieces, but it also includes many side dishes, wine and beer on tap.
- Asking Price: $195,000
- Cash Flow: N/A
- Gross Revenue: N/A
- 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 people resolve to sell businesses. Nonetheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a range of various other factors. This is why it is extremely crucial that you not depend completely on a seller's word, yet instead, utilize the seller's answer in conjunction with your total due diligence. This will paint a much more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that earnings margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Most times, companies have repeat customers, which form the core of their day-to-day earnings. Specific aspects such as brand-new competition growing up around the location, roadway building, as well as personnel turn over can impact repeat clients as well as negatively impact future earnings. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the local median home earnings influence future income potential?