Listing ID: 73425
Price has been reduced another $50,000 and this will go fast.
Don’t miss the opportunity to be in one of the fastest growing areas of Columbus. Del Baggio Pizzeria is located in the highly popular Weinland Park, Italian Village, South Campus area where new developments are starting every week. The shop has performed well, even during Covid, with third party deliveries. There is limited dining space inside for 10 people. This is predominantly a carryout and delivery business. Strong sales and consistent year on year growth over the last five years. Landlord is willing to sign a new 5 year lease with new qualifying tenant. Owner is requiring a Confidentiality Agreement and a Personal Financial Statement prior to releasing any business information. Owner has other businesses and is relocating.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $12,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
1700 sf building with parking lot. Fully equipped cooking line with two hoods to execute any menu.
Relocating for other business interests
There is always competition for pizza, but this shop is in a highly visible, prime location that gives it an advantage. Plus it has its own parking lot.
Business is currently not open for lunch and is closed on Sundays. Expanding hours could grow sales exponentially.
The company was established in 2015, making the business 7 years old.
The deal shall include inventory valued at $12,000, which is included in the requested price.
The business has 6-8 employees and is situated in a building with disclosed square footage of 1,700 sq ft.
The property is leased by the business for $3,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. However, the genuine factor vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is extremely essential that you not depend entirely on a vendor's word, yet instead, utilize the vendor's answer combined with your overall due diligence. This will repaint an extra reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover things like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that revenue margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Most times, companies have repeat clients, which create the core of their everyday profits. Specific aspects such as brand-new competition sprouting up around the location, roadway building, as well as staff turnover can influence repeat consumers and also adversely impact future earnings. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the greater the possibility to build a returning client base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional median house earnings effect future earnings prospects?