Listing ID: 74746
Beautiful, BRAND NEW absolutely authentic Italian Restaurant operating with a Series 12 liquor license is now available, only due to unfortunate personal reasons requiring relocation of the owner. Located in a fantastic, densely populated North Scottsdale neighborhood, this end-cap space has a decor package that is old school Italian in every way, right down to the red checkered tablecloths and most equipment is still under warranty. Already Known for their phenomenal pizza and Mom’s Italian cuisine that came directly from the “old country,” this restaurant is truly a part of the local community and is the perfect fit for a hands-on owner that likes the kind of interaction with their customers that turns them into life-long friends. Buon Appetito! $99,000 #3123
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Facilities Sq. Ft.: 2,000 Lot Sq. Ft.: Common Area Parking: Common Area Seating: 60 indoor/12 patio Total Monthly Rent: $3,916 Loaded Rent Lease Expiration Date: 12/31/2025 Lease Deposit: $3,000 Renewal Options: 1 five year
Other Business Interests
The company was established in 2021, making the business 1 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the genuine factor and the one they say to you may be 2 totally different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, however rather, use the vendor's answer combined with your overall due diligence. This will repaint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new customers? Often times, operating businesses have repeat clients, which create the core of their daily revenues. Particular variables such as brand-new competition sprouting up around the location, road building, as well as staff turn over can influence repeat consumers and negatively impact future revenues. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the higher the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the regional mean family earnings influence future income potential?