Listing ID: 79192
Charming water front pizza restaurant located in a very busy Publix shopping center in southern Broward County. Specializes in vegan and organic hand crafted artisian pizzas. Also serves sandwiches, wraps, salads, appetizers and desserts plus soft drinks, beer and wine. A true turney operation. 1,200 sf location that sits 23 people inside and another 16 people outisde on the water front deck. Utilizes Uber Eats, DoorDash, Slice and Grub Hub as delivery services. Improived marketing should lead to increased sales.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: $178,933
- EBITDA: N/A
- FF&E: $70,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,196
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 2 weeks at no cost.
Focus on other interests
The venture was started in 2020, making the business 2 years old.
The deal shall include inventory valued at $3,000, which is included in the asking price.
The company has 4 employees and resides in a building with disclosed square footage of 1,196 sq ft.
The property is leased by the company for $6,563 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the true factor vs the one they tell you may be 2 totally different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a variety of various other factors. This is why it is extremely essential that you not count entirely on a seller's word, but instead, use the vendor's answer along with your overall due diligence. This will paint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day earnings. Specific elements such as new competitors growing up around the area, road building and construction, as well as staff turnover can affect repeat consumers and also negatively influence future profits. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the greater the chance to build a returning consumer base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional average house earnings impact future earnings potential?