Listing ID: 75044
Great opportunity to buy a well-established, fully-staffed, Turn-Key Franchise Pizza Restaurant and Sports Pub in North Phoenix. The seller purchased this business in 2018 and has turned it around to show tremendous growth. The business is forecast to do close to $1M in sales this year. Very strong takeout and delivery business in addition to the sports pub revenue. The ideal buyer would be someone who has restaurant and bar experience and who can step in and take over the General Manager role from the Owner. Terrific location at the intersection of two major arteries in an Upscale neighborhood in the North Valley. The seller is opening a totally different restaurant concept and wants to sell this business to focus on that start-up. If you have ever wanted to own your own Pub and Restaurant, it doesn’t get any better than this. Unlike a lot of Sports Bars that stay open until 1 or 2 in the morning, this has a family atmosphere and closes at 10pm on weekends. Great decor and loads of equipment come with this sale including a very well-maintained 6-Rack pizza oven capable of cooking 30 pizzas at a time. Terrific Franchisor, has low royalties and has developed fantastic loyalty and marketing programs to support their franchisees. Franchisor will also help negotiate a new long term lease for a new owner. SERIOUS BUYERS ONLY PLEASE. Looking for cash buyer that can close quickly. All inquiring parties will be required to complete a confidentiality agreement before receiving more information.
- Asking Price: $249,900
- Cash Flow: $95,000
- Gross Revenue: $900,000
- EBITDA: $95,000
- FF&E: $200,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,737
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
other business interests
The company was founded in 2009, making the business 13 years old.
The deal won't include inventory valued at $5,000*, which ins't included in the asking price.
The company has 19 employees and is located in a building with approx. square footage of 2,737 sq ft.
The property is leased by the business for $7,750 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of other factors. This is why it is very vital that you not count completely on a vendor's word, however instead, utilize the seller's solution combined with your general due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new clients? Most times, operating businesses have repeat customers, which create the core of their everyday profits. Particular factors such as brand-new competition growing up around the location, road construction, as well as employee turn over can impact repeat consumers as well as adversely influence future profits. One important thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the chance to construct a returning client base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local mean home earnings impact future income prospects?