Listing ID: 80230
Another great listing from the Atlanta Restaurants Brokers! For sale an upscale pizzeria/restaurant/catering right off high traffic road next door to a super busy 633 bed hospital (Wellstar Kennestone Hospital) and adjacent to Panera Bread, Tropical Smoothie Café and other national and international retailers.
The space is 2,496 square feet with bar, large patio and seats 100+ people, Gross rent of $8,700 that includes all the extras and a long term lease with 9 years left and an option to renew for an additional 10 years. The company has been in business for few months and the owner has a change of mind and decided to exit the restaurant industry. The business was established few months ago where the seller spent over 600k building this state of art restaurant and bar and it can yours for 200k, the business comes with a brand-new catering trailer that has a brick pizza oven and more.
An incoming owner operator may reduce operating expenses by managing payroll related expenses, generate additional revenues through enhanced customer service potentially resulting in higher gross revenues and a corresponding higher bottom line. The business was established A few months ago and been averaging monthly sales of 45k for the last few months and going up steadily, an owner operator can turn this opportunity into a goldmine.
The current operation is a part of a national franchise, a brand with over 75 existing locations and over 50 new locations currently in development and planning on opening in the next 6 months +/-. Benefit from the time-tested methods and recipes from this franchise with their pies made from the finest ingredients, like 100% mozzarella cheese and dough made fresh daily, freshest ingredients and hand tossed dough, individually sized and delivered to the table hot from the 800-degree brick oven.
A transfer fee of $10,000 that includes the cost of training and get the remaining term of the licensing agreement, training of 4 weeks in their Metro Atlanta headquarters and ongoing support from the brand.
THIS IS AN OPERATING BUSINESS, PLEASE DO NOT APPROACH ANY OF THE EMPLOYEES OR MANAGEMENT AND LET US KNOW ANY QUESTIONS YOU HAVE.
PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.
Attention Business Owners: We are always in search of quality businesses to sell, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.
- Asking Price: $200,000
- Cash Flow: N/A
- Gross Revenue: $540,676
- EBITDA: N/A
- FF&E: $300,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,496
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The space is 2,496 square feet with bar, large patio and seats 100+ people, Gross rent of $8,700 that includes all the extras and a long term lease with 9 years left and an option to renew for an additional 10 years.
4 weeks by the franchisor and ongoing support.
There is plenty of growth and expansion available with more social media presence. This well established franchised business has consistent and provable gross revenues, easy operations, absentee ownership, great lease terms, suitable location along with opportunity for expansion and growth presenting an attractive acquisition opportunity.
The venture was founded in 2020, making the business 2 years old.
The deal won't include inventory valued at $5,000*, which ins't included in the requested price.
The company has 10 employees and is located in a building with approx. square footage of 2,496 sq ft.
The property is leased by the business for $8,700 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nonetheless, the genuine factor vs the one they say to you may be 2 totally different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is extremely essential that you not depend entirely on a vendor's word, however rather, make use of the vendor's response in conjunction with your general due diligence. This will paint an extra reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new consumers? Many times, businesses have repeat consumers, which develop the core of their day-to-day profits. Certain factors such as new competitors growing up around the location, road construction, and staff turnover can affect repeat consumers and adversely affect future earnings. One crucial point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? How might the local typical house earnings influence future revenue potential?