Listing ID: 76001
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 property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is really essential that you not rely entirely on a seller's word, yet rather, utilize the vendor's solution along with your general due diligence. This will repaint a more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too thin. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new clients? Often times, businesses have repeat consumers, which form the core of their everyday revenues. Particular factors such as brand-new competition growing up around the area, roadway building and construction, and personnel turnover can impact repeat customers as well as negatively influence future revenues. One important thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the chance to construct a returning customer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the neighborhood average home earnings effect future earnings prospects?