Listing ID: 79504
Well, known in the community for offering the best food at an affordable price. This Italian Restaurant Pizzeria has inside seating for 50 and outside seating in a custom-made TIKI Hut for 50. The pizza oven is a custom-made Brick Pizza Oven that makes the best real NY Pizza. Customers come from miles around to enjoy this authentic Italian Restaurant Pizzeria. Located in an affluent area in a plaza with ample parking, they offer inside and outside dining and delivery. Sales continue to grow daily, and they are busier now than they have ever been. Florida has seen a tremendous increase in population and this restaurant offers the nicest ambiance with the best food in town. Don’t Miss This Opportunity! Please refer to listing 7301541665, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $1,400,000
- Cash Flow: $500,052
- Gross Revenue: $2,500,258
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 6,500 Square Footage: 2,500 Building Type: PLAZA Terms & Options: 5 YR OPTION Expiration Date: 1/1/2025
2 weeks training at no cost
Non Compete : Miles: 2 Years: 2
The business was founded in 2011, making the business 11 years old.
The deal shall include inventory valued at $5,000, which is included in the suggested price.
The business has 11 employees and is located in a building with estimated square footage of 2,500 sq ft.
The building is leased by the company for $6,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nevertheless, the true factor and the one they tell you might be 2 absolutely different things. As an example, they may state "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of various other factors. This is why it is very crucial that you not rely absolutely on a seller's word, yet instead, use the seller's answer together with your general due diligence. This will repaint a more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new consumers? Most times, companies have repeat consumers, which form the core of their daily profits. Certain aspects such as new competition sprouting up around the location, roadway building, and employee turnover can impact repeat clients as well as adversely affect future incomes. One essential thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the higher the chance to build a returning consumer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood mean family income influence future earnings prospects?