Listing ID: 76060
This Pizzeria – Trattoria in LI Nassau County North Shore is a Class A quick serve pizza restaurant that needs to get a lot of looks from all pizzeria restaurant buyers. You are centrally located around three major colleges and situated on a major road in a busy strip center. Rent is extremely reasonable for the square footage and Lease very favorable. The owners of this operation have little to no pizza restaurant experience hence, for this establishment to be grossing $28-32,000 for a week only demonstrates that an experienced operator can shave payroll and become an owner operator and bring these numbers to 40-50 thousand dollars per week. This is a must-see listing with Amazing curb appeal. Call Broker Exclusive to this listing Henry Galasso. Owners are negotiable
- Asking Price: $675,000
- Cash Flow: $250,000
- Gross Revenue: $1,550,000
- 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 $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. However, the real factor and the one they tell you may be 2 entirely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of other reasons. This is why it is very essential that you not rely completely on a seller's word, yet instead, make use of the seller's answer combined with your overall due diligence. This will repaint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new consumers? Most times, operating businesses have repeat customers, which develop the core of their everyday earnings. Certain variables such as brand-new competition growing up around the location, road construction, and personnel turn over can influence repeat customers as well as adversely affect future profits. One important point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the possibility to build a returning customer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the local median house income impact future earnings prospects?