Listing ID: 73586
***SELLER FINANCING AVAILABLE WITH ONLY $250,000 DOWN***
LOCATION IS AWESOME. Well known and POPULAR Pizzeria in Tampa Florida IN AN AMAZING LOCATION NEAR SCHOOLS, HOSPITALS, UNIVERSITY AND APARTMENTS. ONE OF Tampa Bay’s BEST New York Style Pizza and a local favorite. The menu includes N.Y. style pizzas, REAL PHILLY CHEESESTEAKS, wings, a variety of sandwiches, fresh salads, and soft drinks. The restaurant has been open for 25+ years and offers, take-out, a drive thru and (DELIVERY VIA DOORDASH).
The business is located in a stand alone building on a very busy road with plenty of parking. Fully staffed and equipped and ready to go for a new owner. Whether you are expanding your existing pizzeria portfolio or you just want to become your own boss for the first time, then this pizzeria could be yours. Current owners are expanding their other businesses are ready to pass this PROFITABLE business on to a motivated owner.
Low rent of only $5,000 NNN per month for this 1100 sq ft +/- facility with a drive thru.
Numbers based on 2021 P&L.
SELLER WILL SHOW FINANCIALS TO A SERIOUS BUYER ONLY. MUST SHOW PROOF OF FUNDS PRIOR TO RELEASING INFO.
*** SUBMIT YOUR INFORMATION THRU THE CONTACT SELLER SECTION***
We will not release any information unless there is a Non-disclosure signed with proof of funds. No Exceptions.
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $399,000
- Cash Flow: $123,029
- Gross Revenue: $673,706
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $3,500
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,100
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Fully equipped and a very rare drive thru.
2 weeks at no cost to buyer
Concentrating on building more businesses
Add in house delivery
The venture was started in 1998, making the business 24 years old.
The transaction does include inventory valued at $3,500, which is included in the asking price.
The company has 8 employees and resides in a building with estimated square footage of 1,100 sq ft.
The property is leased by the business for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. However, the true factor vs the one they tell you might be 2 absolutely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or an array of various other reasons. This is why it is very important that you not depend totally on a vendor's word, yet rather, use the seller's solution together with your general due diligence. This will repaint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that revenue margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new clients? Often times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Specific elements such as new competitors growing up around the area, road building and construction, and also personnel turn over can affect repeat clients as well as adversely impact future revenues. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the local median home earnings effect future revenue potential?