Listing ID: 78998
This highly successful small family restaurant is located in the heart of Maine’s Lakes Region. Originally opening in 1995, this pizzeria has a loyal local following and is a staple in the community.
They are known for their extensive menu featuring appetizers, hot and cold signature sandwiches, wraps & subs, pasta, desserts, gluten free options, New York Style specialty pizzas and the famous 20′ PARTY sized pizza (the largest in the Mt. Washington Valley).
This is an excellent opportunity to own a wonderful turn key Maine Business!!!!
- Asking Price: $99,900
- Cash Flow: N/A
- Gross Revenue: $270,000
- EBITDA: N/A
- FF&E: $65,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,847
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Very nice offering seating for 40
The business was founded in 1995, making the business 27 years old.
The business has 1-FT...3-PT employees and is located in a building with approx. square footage of 1,847 sq ft.
The real estate is leased by the company for $2,140 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nonetheless, the true factor and the one they tell you may be 2 entirely different things. For instance, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is really important that you not count absolutely on a seller's word, but rather, use the seller's response along with your total due diligence. This will paint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Most times, companies have repeat consumers, which create the core of their day-to-day revenues. Certain elements such as brand-new competitors growing up around the location, roadway building and construction, and also staff turn over can influence repeat consumers as well as negatively affect future incomes. One crucial thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the better the chance to develop a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the local average house earnings impact future earnings potential?