Listing ID: 74071
This well-known Pizza Franchise is in a great Oakland County suburb on main roadway offering high traffic with visibility!
Location is set up to produce volume which shows in the sales for 2021 which were $1,366,675.75.
Qualifies for SBA
- Asking Price: $549,999
- Cash Flow: $250,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $12,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Great location in Oakland County on main roadway.
Seller will be available for training for 14 days at a minimum of 4 hours per day at no additional cost to the Buyer.
This business is located near a lot of competition but this restaurant has a great reputation which has resulted in great sales
Continue to promote within the community as well as work with franchise company
The venture was founded in 2015, making the business 7 years old.
The sale doesn't include inventory valued at $12,000*, which ins't included in the suggested price.
The company has 5FT/5PT employees and resides in a building with disclosed square footage of 1,500 sq ft.
The real estate is leased by the company for $5,463.75 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nevertheless, the real factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a variety of various other factors. This is why it is extremely crucial that you not depend absolutely on a vendor's word, yet rather, make use of the seller's response in conjunction with your total due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover things such as inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new clients? Often times, businesses have repeat consumers, which develop the core of their daily profits. Specific aspects such as new competition growing up around the area, road construction, and personnel turnover can influence repeat clients as well as negatively affect future incomes. One important thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the better the chance to develop a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood average house income impact future revenue prospects?