Listing ID: 79150
Very busy pizza restaurant for sale in Daytona Beach. Very close to night clubs, hence the hours of operation. 11 am to 4 am. Would be ideal for a family to run and make additional money. Plenty of room for seating inside and outside as well as high traffic take out. Good books and records which will be made available to buyer.
- Asking Price: $249,900
- Cash Flow: $145,353
- Gross Revenue: $555,474
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $2,000
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
2 weeks training free of charge
moving from area
Close to busy night clubs and on main road
The business was started in 2010, making the business 12 years old.
The deal won't include inventory valued at $2,000*, which ins't included in the requested price.
The business has 4 employees and is situated in a building with approx. square footage of 3,000 sq ft.
The building is leased by the company for $5,220 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nonetheless, the true reason vs the one they tell you may be 2 completely different things. As an example, they might say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really vital that you not count entirely on a seller's word, but instead, use the vendor's solution in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments 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 suppliers that need to be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new consumers? Often times, companies have repeat customers, which create the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the location, road building, as well as personnel turnover can impact repeat consumers as well as negatively impact future profits. One important point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the local typical family earnings impact future revenue potential?