Listing ID: 79401
Reason for Sale: Partnership Split- Profitable Pizzeria in a Downtown Ft. Lauderdale Redevelopment Zone- Great opportunity to acquire this growing pizzeria in East Ft Lauderdale. No competition in the area. Free Standing Building- Set up like a franchise. Seating for 15. Eat in-Delivery – Take out- Full Italian Menu. Low Rent for South Florida $2500 /month- 5 yr lease with 1 – 5 yr option. $100,000 grant is available from the city for remodeling or equipment acquisition. Owner benefit for a working buyer putting in 60+ hours.
- Asking Price: $89,000
- Cash Flow: $88,967
- Gross Revenue: $280,000
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Free Standing Building- Rent $2500/month - 5 yr lease with 1-five yr option.
Will train for 2 weeks @ $0 cost.
The company was established in 2018, making the business 4 years old.
The transaction will include inventory valued at $1,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 completely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in profits, or a variety of various other factors. This is why it is very important that you not depend totally on a vendor's word, however rather, utilize the seller's solution together with your general due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Most times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as new competition growing up around the location, road building, and also staff turnover can impact repeat consumers and negatively impact future revenues. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to construct a returning consumer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood typical home earnings influence future earnings potential?