Listing ID: 76002
Exclusive Pizzeria – Restaurant located in AAA Western Suffolk County shopping center. Family owned & operated for over 60 years and very well known in this huge residential neighborhood. Current owner overlooks this operation and works 35-40 hrs a week. Fully trained staff with a manager in place. All equipment in mint condition. Very favorable lease for this 2800 sq ft location. Full liquor license and 100 persons on the C/O. Owner looking to retire & will finance with an experienced qualified buyer. Please have proof of funds available.
- Asking Price: $725,000
- Cash Flow: $296,840
- Gross Revenue: $1,560,000
- 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
The real estate is leased by the company for $8,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. However, the genuine factor and the one they tell you may be 2 entirely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in earnings, or a variety of other factors. This is why it is extremely important that you not depend absolutely on a vendor's word, however instead, use the seller's response in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that profit margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Specific aspects such as brand-new competition growing up around the location, roadway construction, and also employee turnover can affect repeat clients and also negatively impact future incomes. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the better the chance to construct a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the regional median home income effect future revenue prospects?