Business Overview

Yellow Springs, town center Pizza Restaurant with Dine-In and Carry-Out for sale. In business since 1972, the restaurant is located in the center of town on the busiest road in town. Dining room has capacity for approximately 55-60 persons, plenty of room for lunch and dinner surges, salad bar available. Leased space has over 1800 square feet of space, including a walk-in cooler, high ceilings and a comfortable atmosphere. Owner is moving on to other interests and is ready to turn over the keys to the next owner. Don’t miss this chance to own your restaurant in Historic Downtown Yellow Springs. For additional information please contact listing agent Brandon Owens at 513-392-6750 or brandon@fcbb.com.

Financial

  • Asking Price: $199,500
  • Cash Flow: $53,117
  • Gross Revenue: $259,704
  • EBITDA: N/A
  • FF&E: $13,654
  • Inventory: $412
  • Inventory Included: Yes
  • Established: 1971

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,833
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,833 square feet with a Total Rent of $1,625. Lease ends 9/2022 with a one 1 year lease option. Seller is active in the business with 2 FT employees and 3 PT employees. Hours of operation are M-Thur Til 9 PM, Fri/Sat: 9:30 PM, Sunday. $412 in Inventory and $131,654 in FF&E included in Asking Price. $15,000 made in Leasehold Improvements. County Issued Retail Food Establishment License Required.

Is Support & Training Included:

30 Days

Purpose For Selling:

Owner has other interests.

Pros and Cons:

1 of 2 Pizza Restaurants in town. Great atmosphere inside with ample dining room to handle large holiday crowds.

Opportunities and Growth:

Huge opportunity to grow with Pizza Delivery and DoorDash (not currently being offered).

Additional Info

The venture was started in 1971, making the business 51 years old.
The sale will include inventory valued at $412, which is included in the listing price.

The business has 5 employees and resides in a building with disclosed square footage of 1,833 sq ft.
The building is leased by the company for $1,625 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nonetheless, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be reasons to try to hide the reality of changing demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is extremely crucial that you not rely completely on a seller's word, however rather, utilize the seller's response along with your general due diligence. This will repaint a much more practical picture of the business's current 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 offer. Lots of companies take out loans in order to cover points such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that profit margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new customers? Most times, businesses have repeat clients, which develop the core of their everyday earnings. Specific elements such as new competitors growing up around the location, roadway building and construction, as well as staff turnover can impact repeat consumers and also adversely influence future incomes. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the neighborhood average household earnings influence future revenue prospects?