Listing ID: 73384
Long term pizza operation located on McKinley Ave in the Quarry market looking for a new owner / operator to take over the business immediately. Turn Key business with all of the necessary FF&E and tons of opportunity to drive business from the surrounding residential markets. Motivated sellers!
- Asking Price: $110,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Located in the Quarry Plaza shopping complex on McKinley Ave, this 1,200 SF space has been in operation for over 15 years. Business continues to grow with a large volume of residential developments taking place within a mile of the center.
Owners will to provide all recipes and name of the business.
Owners have other business considerations to focus upon.
Few other pizza operations within the surrounding market. Great brand identity with the surrounding area.
Large residential and park development taking place over the next 12 months.
The company was founded in 2005, making the business 17 years old.
The transaction does include inventory valued at $1,000, which is included in the listing price.
The company has 0 employees and is located in a building with estimated square footage of 1,200 sq ft.
The real estate is leased by the company for $1,200 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. Nevertheless, the true reason and the one they say to you might be 2 totally different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not count entirely on a vendor's word, but rather, utilize the seller's answer along with your general due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new customers? Most times, companies have repeat clients, which create the core of their everyday profits. Certain elements such as new competition sprouting up around the area, roadway building, and personnel turn over can influence repeat clients as well as negatively influence future revenues. One vital point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the possibility to construct a returning client base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local average household income impact future earnings potential?