Listing ID: 76700
Business Overview
Description:
This independent family-owned Pizza Restaurant is a local favorite and is located in a strip center anchored by Big Box supermarket and other local retailers. Ample parking to accommodate customers, & provides an opportunity for heavy foot traffic to this restaurant. This business neighbors with plenty of businesses, residential housing, & close to the freeway, which makes it a go-to place for its local residents, the business community, and commuters. Tons of untapped potential provides the future buyer with lots of growth opportunity.
Equipment:
Double Deck Pizza Oven, Hood, Cash Register with POS, Pizza Prep table, Dough Maker, Dough roller, Salad Bar, Walk-in cooler, multiple LED TVs, and much more. A full list of equipment is available with the Listing Broker.
General Information:
Organization: Corporation | Square Footage:2500 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, | Hours: 11:00 am to 9:00 pm | Reason for Sale: Other Business Interests | Seating Capacity: 99 | Type-41 Beer Wine License is not part of the sale.
Please refer to local COVID-19 guidelines regarding in-door dining restrictions.
Lease Information:
Rent: $7250/month including NNN,
Lease Term: Sellers Lease ending Dec 2022 plus 5-year option.
Revenue”
Sales: $54,000/month (as per seller, not verified by the Broker)
Financing: All cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Financial
- Asking Price: $279,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2000
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training available
Other business interests
Additional Info
The company was founded in 2000, making the business 22 years old.
The deal won't include inventory valued at $5,000*, which ins't included in the suggested price.
The property is leased by the company for $7,250 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, current decrease in revenues, or a variety of other reasons. This is why it is really important that you not count completely on a seller's word, however instead, make use of the seller's solution together with your general due diligence. This will repaint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things such as inventory, payroll, accounts payable, etc. Remember that sometimes this can suggest that earnings margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new consumers? Often times, companies have repeat clients, which create the core of their everyday revenues. Certain elements such as new competition growing up around the location, road building, and also staff turnover can impact repeat customers and negatively influence future earnings. One important thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the opportunity to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? How might the regional mean house income effect future earnings potential?
