Listing ID: 79086
Opportunity to acquire a growing pizza restaurant with Real Estate in Southern New Hampshire. The restaurant resides in a freestanding building and the space was completely remodeled within the past 3 years. The Business is located in a thriving small town with very little competition for pizza in the area. It’s become a fixture in the community, local schools and businesses alike.
Revenues grew significantly in 2020 from approximately $405,000 in sales to $495,000.
$199,000 asking price for the business and $400,000 for the real estate.
To receive additional information on this opportunity, please complete the attached Non-Disclosure Agreement and return to info@FirstStreetBB.com. Location noted on map below is not correct due to confidentiality.
- Asking Price: $199,000
- Cash Flow: $156,000
- Gross Revenue: $495,000
- EBITDA: $156,000
- FF&E: $40,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business is located in a beautiful area of Southern New Hampshire with approximately 1500 square feet of usable space. There is seating inside and out. The seating count inside is 36 to 40 and outside 20. Real estate is priced at $400,000.
Seller is willing to assist in support and training.
Divestiture and Relocation
There are very few competitors in the market.
Increasing marketing efforts could provide growth in all areas of the business including catering, private events and parties. Hours could also be expanded especially for delivery and offering beer and wine would drive sales.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. Nevertheless, the real reason vs the one they say to you might be 2 entirely different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is extremely crucial that you not rely totally on a seller's word, but rather, use the seller's answer combined with your total due diligence. This will repaint a more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Many times, businesses have repeat clients, which form the core of their everyday earnings. Certain variables such as brand-new competitors sprouting up around the location, road construction, and also personnel turnover can affect repeat clients as well as negatively impact future profits. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the chance to construct a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median family earnings effect future earnings prospects?