Listing ID: 75990
Eastern Suffolk Highly Profitable Pizzeria / Restaurant. This Exclusive listing needs an experienced operator to come in and continue making big money at this 5 Star location. Current owner is looking to retire. Seller will write a new Favorable lease on the business purchase or buy the Business & Property and write your own lease. He wants nothing more than a qualified buyer to come in and take over this location and succeed for many years ahead. Nothing to do at this turn key , multi million dollar build out but continue the tradition with the loyal customer base that has been dedicated to this business for over 20 years. Seating for 200 indoor & another 50 outdoor. Offered with this business for an additional $2,400,000 is the Building and property (1 1/2 acres) that is in pristine condition. Serious , Qualified buyers with proof of funds, please contact Joseph Mesi @ 631 236 8598 / email email@example.com
- Asking Price: $2,100,000
- Cash Flow: $675,000
- Gross Revenue: $3,900,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Seller willing to train new buyer
Other business interests - retirement
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the real reason and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competitors, current decrease in incomes, or a range of various other reasons. This is why it is very crucial that you not depend absolutely on a vendor's word, however instead, use the vendor's solution combined with your overall due diligence. This will repaint a much more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new clients? Often times, companies have repeat consumers, which form the core of their everyday profits. Specific aspects such as new competition sprouting up around the location, road building and construction, as well as employee turn over can influence repeat customers and adversely influence future earnings. One essential thing to take into consideration is the location 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 often, the better the chance to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the local median family income effect future income potential?