Listing ID: 73430
This Pizza shop SALES average over $2,000,000 with bottom line over $325,000 annually. This is one of the most amazing pizza restaurants i have ever seen, with the amount of business in this 3400 sq ft space with rent of only $4200 month.
THIS IS A REAL CASH “COW”, as they say!
Pizza shop has a dining room that seats 100, owns 8 delivery cars to make its own deliveries, and has strong “pick” up business. They have almost full staff of 30 employees that are loyal and dedicated to this business
Located in a very popular and busy shopping center right in the middle of town. The whole town seems to shop at this center.
The pizza shop is a confidential sale, so can only give info after signing the CA attached. Its location is in small town within 45 minute drive of Columbus
For sale: Business no real estate included, as it is in shopping center
- Asking Price: $799,000
- Cash Flow: $335,000
- Gross Revenue: $2,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $6,000
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,400
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
3400 sq ft with dining room & kitchen
Sellers will provide needed training to succeed
There are no Local pizza shops around, only a few national chains
Just keep doing the same that has been done for 20 years
The business was started in 2000, making the business 22 years old.
The sale shall not include inventory valued at $6,000*, which ins't included in the requested price.
The company has 30 employees and resides in a building with approx. square footage of 3,400 sq ft.
The real estate is leased by the business for $4,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nonetheless, the true factor and the one they tell you might be 2 absolutely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of various other factors. This is why it is very important that you not rely absolutely on a vendor's word, yet instead, utilize the seller's answer combined with your overall due diligence. This will paint an extra realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new customers? Often times, companies have repeat clients, which develop the core of their everyday revenues. Specific aspects such as brand-new competitors sprouting up around the area, road building and construction, and also staff turnover can impact repeat consumers as well as negatively affect future profits. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the local mean home earnings effect future income potential?