Business Overview

Award winning pizza shop located in a popular neighborhood commercial center features gourmet pizza in a beautiful, sunny space. Kitchen with Type-2 hood and walk-in refrigerator. Buyer can increase sales by securing a Type-41 beer & wine license as Seller has been operating without one. This is the perfect opportunity for a first-time restaurant operator as well as a restaurant owner looking to open another location.

ADDITIONAL DETAILS:

-The restaurant is 1683 square feet (approx.) with a combination of inside seating a patio seating including a separate room for private dining

-Rent is $3,056 (approx.) plus $750 NNN (approx.). Qualified Buyer to secure lease terms with landlord.

-Restaurant equipment includes 6’ X 0” Type-2 hood (approx.); 3 Bakers Pride pizza ovens; 5’ X 6’ Walk-in refrigerator; 2 large pizza prep station; Dean double-basket deep fryer; 60 Quart Hobart mixer floor mixer; double sink; hand sink and much more

-Long running pizza shop with current owner since 2006. The restaurant is open 7 days a week 11:00am-7:00pm

– Owner works 40 with 10 part-time employees. Prior to Covid owner worked 40 with 8 part-time employees

-Inventory is valued at $8,000 (approx.) and is not included in the purchase price

PRICE INCLUDES: Furniture, fixtures and equipment, leasehold interest, leasehold improvements, goodwill, brand, DBA, menu, recipes and concept are included in the sale and some personal items may
also be excluded.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers regarding this information

Financial

  • Asking Price: $165,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Additional Info

The property is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nevertheless, the true factor vs the one they tell you might be 2 completely different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of various other factors. This is why it is really vital that you not count totally on a seller's word, however instead, utilize the vendor's response together with your total due diligence. This will paint a more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new customers? Many times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Specific factors such as new competitors sprouting up around the location, roadway building and construction, and also personnel turnover can influence repeat consumers and negatively impact future incomes. One crucial point 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? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to construct a returning customer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average home earnings effect future earnings prospects?