Business Overview

Well known pizzeria in busy Concord area with over 25 years of history. Great restaurant location with excellent street visibility, off-street parking and close proximity to residential neighborhoods. The current menu consists of classic style pizzas, subs, calzones and salads with some specialty seafood and pasta dishes. Many food concepts will work well at this location if a buyer wanted to change direction. Won’t Last!

Asking Price includes turnkey business, website, restaurant fitup, permits, inventory, furnishings, fixtures and equipment. Owner Financing Available for Qualified Buyers.

Financial

  • Asking Price: $225,000
  • Cash Flow: $209,495
  • Gross Revenue: $659,682
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $3,000
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

retirement

Additional Info

The transaction won't include inventory valued at $3,000*, which ins't included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. However, the real reason and the one they say to you may be 2 totally different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is really vital that you not depend completely on a seller's word, yet instead, use the vendor's solution along with your overall due diligence. This will repaint an extra reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in brand-new customers? Often times, businesses have repeat consumers, which form the core of their daily profits. Specific aspects such as new competition growing up around the location, road building, as well as employee turnover can impact repeat clients and also negatively impact future profits. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning consumer base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood median household income effect future income prospects?