Listing ID: 78835
Fantastic opportunity to own a successful pizza and italian restaurant with beer and wine license in the heart of Cheshire County NH. History of strong sales including an excellent take out business, and first class reputation.
This turn key restaurant has been in operation for over 40 years with ongoing success. Sale includes business, all furniture, fixtures and equipment and the real estate. Seller will work with new owner to transition. The real estate includes additional space which is fully leased.
The real estate includes a 5500+ square foot building on approximately 1 acre of land with ample parking and is located on a busy street in close proximity to upscale neighborhoods, businesses and apartment complexes.
This business has lots of upside potential as the restaurant is currently closed on Sundays. For more information about this great opportunity, please complete the non-disclosure agreement or contact the listing agent.
- Asking Price: $1,650,000
- 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
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Opportunity for growth as the restaurant is currently closed on Sundays.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. However, the true factor and the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or an array of various other reasons. This is why it is extremely essential that you not rely completely on a seller's word, but rather, make use of the vendor's answer together with your overall due diligence. This will paint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that revenue margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may 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 may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new customers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain factors such as brand-new competitors growing up around the area, road building, as well as staff turn over can impact repeat customers and also adversely affect future profits. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to build a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the regional median family earnings impact future revenue potential?