Business Overview

This well-established multi-unit business has consistent revenues with easy operations, great lease terms, and desirable locations. The network of fast-casual, family friendly pizza establishments serves signature pizzas, pastas, sandwiches, fresh salads, and more. This business has a great reputation in the community, and has become a locals’ favorite, with the convenience of dine-in, carryout, and delivery. Sales have been growing steadily through the years, even during the pandemic! With an experienced staff in place, we believe a new owner/operator with restaurant experience or an industry buyer looking to add additional locations could successfully operate this proven and profitable business.

Financial

  • Asking Price: $1,195,000
  • Cash Flow: $571,210
  • Gross Revenue: $2,902,375
  • EBITDA: $571,210
  • FF&E: $310,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 1980

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retirement

Additional Info

The venture was started in 1980, making the business 42 years old.
The deal shall include inventory valued at $15,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 entirely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, current reduction in incomes, or an array of other factors. This is why it is very crucial that you not depend totally on a vendor's word, but instead, utilize the seller's solution along with your general due diligence. This will paint an extra sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in new clients? Most times, businesses have repeat customers, which form the core of their daily earnings. Certain aspects such as new competition sprouting up around the area, road building and construction, and also employee turnover can impact repeat clients and negatively influence future profits. One important thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the greater the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood median home earnings impact future revenue prospects?