Business Overview

Roswell GA Italian Restaurant, Pizzeria & Bar for Sale – One Owner 25 Years- 2021 Net Profit $172,796.49 on 30 Hours- Great Books & Records – New LowPrice w/Owner Financing

Roswell GA Italian Restaurant, Pizzeria & Bar.

Est. 25-Years One-Owner.

$150,000 Net Profit.

Easy to Run.

The restaurant is only open 30-hours adding lunch dramatically increase business.

Hi-Traffic & Hi Income Location.

Almost 3,000/SF.
Seating for 120.
Bar seats 13.

Monthly rent at $7,400, all in.

2021 Gross Sales $738,723.18 on dinner only.
2021 Net Profit $172,796.49.

2020 Gross Sales $725,000
2020 Net Profit $150,000

2019 Gross Sales $817,604
2019 Net Profit $140,000

Long-term loyal staff in place.

Some Owner Financing available.

Financial

  • Asking Price: $195,000
  • Cash Flow: $172,796
  • Gross Revenue: $738,723
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1997

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Hi-Traffic & Hi Income Location. Almost 3,000/SF. Seating for 120. Bar seats 13. Monthly rent at $7,400, all in.

Is Support & Training Included:

Long-term loyal staff in place.

Purpose For Selling:

Other interests.

Pros and Cons:

Ask broker

Opportunities and Growth:

The restaurant is only open 30-hours adding lunch dramatically increase business.

Additional Info

The company was established in 1997, making the business 25 years old.

The building is leased by the company for $7,400 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. However, the true factor and the one they tell you might be 2 totally different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in earnings, or a range of other reasons. This is why it is really essential that you not count totally on a vendor's word, but instead, make use of the seller's solution in conjunction with your general due diligence. This will repaint a more practical picture of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments 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 must be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new customers? Most times, businesses have repeat clients, which create the core of their daily profits. Specific variables such as brand-new competition sprouting up around the location, roadway building and construction, as well as employee turn over can affect repeat consumers as well as adversely affect future profits. One crucial thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the possibility to develop a returning client base. A final idea is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood median family income influence future revenue prospects?