Listing ID: 80870

Business Overview

Margherita Pizza-Family owned and Operated: This business has been in operation for about 2 ½ years in Meridian. This is not a Franchise operation, but a well thought out Family plan which they executed! Sales started out pretty good the first year, then COVID Hit. They had a hard time retaining employees, had to reduce hours, and ended up running the business themselves. Business is only opened part-time now, 3 hours Monday-Thursday, 9 hours on Friday, 5 hours on Saturday and Closed Sunday.

-Owners wish to sell as they do not have the time to operate the business while home-schooling their children.
-Business offers wood-fired pizza, salads, desserts along with beverages including beer & wine.
-They make authentic Italian-Style and Thin-Crust 12-inch pizzas with hand-stretched artisan dough using only the freshest toppings.
-Most of the business comes from word of mouth, past customers, people shopping the strip mall and from all the medical professional offices in close proximity.
-Customers can order online for pick-up, come in and eat, or order online for Door Dash delivery.
-The retail space is 1,262 sq. ft. retail location is in great shape and ready for new Owners to step in (Turnkey).
-All the equipment is in great shape and the space is extremely clean with a good décor package!
-Buyer must credit Seller $2,100 at Closing for the security deposit which stays with the Landlord during the remainder of the lease period. Buyer can also assume the internet & POS leases if they desire.

Interested Buyers must schedule a tour of the business through the Agent only! Do not go into the business and ask any questions.

Prospective Buyers must sign a Confidentiality Agreement as well as provide “Proof of Funding”.

This would be a great opportunity for a Husband and Wife “Team” with a good marketing program with a strong social media presents to make this business successful!

Financial

  • Asking Price: $89,500
  • Cash Flow: $15,594
  • Gross Revenue: $85,254
  • EBITDA: N/A
  • FF&E: $77,935
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,262
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

-The retail space is 1,262 sq. ft. retail location is in great shape and ready for new Owners to step in (Turnkey). -All the equipment is in great shape and the space is extremely clean with a good décor package!

Is Support & Training Included:

One week at no cost!

Purpose For Selling:

Too many time restraints with home-schooling children.

Pros and Cons:

Good location and very clean facility.

Additional Info

The business was started in 2019, making the business 3 years old.

The company has 4 employees and is situated in a building with estimated square footage of 1,262 sq ft.
The real estate is leased by the company for $3,159 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is really vital that you not rely totally on a vendor's word, but instead, use the seller's solution along with your overall due diligence. This will paint an extra practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that profit margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be met or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Particular aspects such as brand-new competition sprouting up around the area, roadway building, and staff turn over can impact repeat clients and adversely influence future revenues. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to construct a returning client base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the regional typical house income effect future income potential?