Listing ID: 80523
Competitively Priced to Sell Quickly! This newly renovated New York style restaurant & full bar serving authentic New York recipes, delicious hand-made pizzas, and any drink under the sun. The successful owner grew up in this business and has decades of experience to ensure true quality. The business location is fantastic near a major highway & having several tourist attractions nearby, the traffic in this area is always high. Being in Dawson County (One of the top expanding counties in the U.S.) With a reported 14,500 vehicles drive by this location daily, customer volume is never a concern. Huge cash component to be disclosed to serious buyers. All FF&E, inventory and generational family recipes are included in the sale. Owner will train the buyer at no cost for two weeks.
Please call with any questions: 770-225-2910 Ext 704
The successful owner has owned several other pizza restaurants, with decades of experience to ensure true quality.
This is a sit down classic NY Style place to eat, with no local competition. However there are some Pizza franchises nearby that do delivery.
Provide delivery services for a minimum rate, market the business online, post photos of the cuisine they make daily, hand out flyers and coupons to have more people return.
- Asking Price: $340,000
- Cash Flow: $211,491
- Gross Revenue: $488,979
- EBITDA: N/A
- FF&E: $23,000
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The company was established in 2019, making the business 3 years old.
The transaction will include inventory valued at $4,000, which is included in the requested price.
The business has 6 employees and is located in a building with estimated square footage of 3,600 sq ft.
The building is leased by the company for $4,050 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is really vital that you not rely entirely on a seller's word, but instead, make use of the vendor's solution along with your overall due diligence. This will paint a much more practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new customers? Often times, businesses have repeat customers, which develop the core of their daily profits. Specific factors such as brand-new competition sprouting up around the area, road building and construction, as well as personnel turn over can influence repeat clients as well as negatively influence future incomes. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the better the chance to build a returning client base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical household income impact future revenue potential?