Business Overview

This is a very successful Wood Fired Pizzeria where your Build Your Own Pizza and they cook it in front of you. This business is very popular in this town, east of Columbus
This is a stand alone building sitting right on the busiest street in this town. It has great visibility and easy access.

Sales average over $850,000 with a very strong bottom line of $250,000 annually. The business is managed by the owners.

This location has a very comfortable and inviting dining room, very clean organized kitchen, with hood and walk in coolers

The building is 3300 sq ft that seats over 100 inside

You can buy the business and lease
OR
Buy the business and building with 2 parcels

Included is a liquor permit

Financial

  • Asking Price: $650,000
  • Cash Flow: $250,000
  • Gross Revenue: $850,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,300
  • Lot Size:N/A
  • Total Number of Employees:18
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a great building with everything in excellent condition including equipment, hvac, and roof.

Is Support & Training Included:

The owners will train as needed

Purpose For Selling:

Other Business interests

Pros and Cons:

There is not alot of competition in the wood fired pizza. This town is a very vibrant city with lots of great busiensses

Opportunities and Growth:

Growth- Open more hours

Additional Info

The company was started in 2017, making the business 5 years old.

The business has 18 employees and is located in a building with estimated square footage of 3,300 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell businesses. However, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be justifications to try to hide the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of various other reasons. This is why it is extremely crucial that you not rely absolutely on a seller's word, yet rather, use the vendor's solution together with your general due diligence. This will repaint an extra realistic image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things such as inventory, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations 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 have to be met or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract new customers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Particular elements such as brand-new competitors sprouting up around the location, road construction, as well as employee turnover can affect repeat clients and also adversely impact future revenues. One crucial thing 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? Undoubtedly, the more people that see the business often, the higher the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical home income impact future revenue prospects?