Listing ID: 76022
Can’t miss this opportunity. Get in now before the business doubles its current numbers!!! This unbelievable $600k newly built Pizzeria and Restaurant is located in a very busy Brooklyn area with over 15,000 current residents and new construction starting less than a block away that will add 600 additional offices and thousands of residents. Location, Location, Location come in and make money immediately while the numbers grow. All the local businesses on this street do big numbers. Being open for only four months, personal reasons have forced the owner to sell. Numbers are increasing drastically and projections have this business doubling in the next few months. With an experienced owner operator this location will do unbelievable numbers. You do not need to invest a dollar into this beautiful store. The owner spared no expense when he recently built the space. Needs Social Media, Catering, Advertising & your own personal touch and you will have a gold mine on your hands. Must have proof of funds to see this amazing opportunity.
- Asking Price: $579,000
- Cash Flow: $208,600
- Gross Revenue: $988,000
- 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 business for $10,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the true reason and the one they tell you might be 2 totally different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is really essential that you not rely totally on a seller's word, however instead, make use of the vendor's solution together with your general due diligence. This will repaint an extra reasonable picture 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 offer. Numerous companies finance loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that earnings margins are too small. Many businesses fall into 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 think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new consumers? Often times, operating businesses have repeat clients, which form the core of their day-to-day profits. Particular elements such as new competitors growing up around the location, roadway construction, and also staff turn over can affect repeat consumers and adversely affect future incomes. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to develop a returning client base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local mean house earnings impact future earnings prospects?