Listing ID: 78966
Fully Equipped Turnkey Italian Restaurant Opportunity. Famous for traditional sit-down Italian Cuisine , creative dishes, fresh baked goods, and delicious daily specials. Open for lunch, with a variety of gourmet pizzas, sandwiches, pastas, interesting salads, homemade soups, and more!
Located close to busy Capital office buildings, this newly fit-up restaurant has huge upside sales potential for a new owner.
Open 6 days a week, this tastefully fit up eatery has seating for 94 & public parking. Space is approx. 2,000 sq. ft. with rent of $3,500 Mo.
For detailed FF&E List & Financial Info available with Non Disclosure agreement signing..
- Asking Price: $249,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
2000 Sq Ft., Full Kitchen and Dining area, Seating for 94
Owner to focus on other ventures
"Best Brick Oven Pizza in Town?"
Catering, Rewards cards, Uber Eats, Community grass routes marketing
The business was founded in 2010, making the business 12 years old.
The company has 8 employees and is located in a building with disclosed square footage of 2,000 sq ft.
The property is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. Nonetheless, the true reason and the one they tell you might be 2 entirely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or a variety of other reasons. This is why it is extremely vital that you not rely completely on a seller's word, however rather, make use of the vendor's response in conjunction with your total due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover items such as inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that earnings margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new customers? Most times, businesses have repeat clients, which form the core of their daily revenues. Specific elements such as brand-new competitors growing up around the location, roadway building and construction, and also employee turn over can impact repeat clients and also negatively influence future incomes. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to build a returning customer base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood average family income impact future revenue potential?