Listing ID: 80901

Business Overview

FOR SALE! Pizzeria in central Las Vegas in one of the most underserved areas in town. Great authentic Italian food and pizza with all homemade ingredients. Approximately 1,200 square feet, $2,126 monthly rent and good frontage on major street. Seller has spent the time to create an incredible business and will assist buyer in a smooth transition. Sales break down 20% deliveries with providers, 40% in house delivery and 40% eat in, pickup and catering. Revenues estimated to be over $1.2M in 2021. CALL NOW! For quick response to your inquiry, please call listing broker George Karas (RE# S.0173285; Business Broker Permit# BUSB.0006847) at 702-290-9120 or Kathleen Nichols (RE# S.0186077; Business Broker Permit# BUSB.0007013) at 702-461-9057.

Financial

  • Asking Price: $650,000
  • Cash Flow: $293,052
  • Gross Revenue: $1,286,443
  • EBITDA: N/A
  • FF&E: $65,000
  • Inventory: $4,000
  • Inventory Included: Yes
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,200 square feet with a Total Monthly Rent of $2,216. Lease ends 05/2026 with Two 5 year options. Seller is active in the business with 9 FT and 11 PT employees. Hours of operation are Mon-Sat 10-9:30 and Sun 11-8:30. $4,000 in Inventory and $65,000 of FF&E included in asking price. $40,000 made in Leasehold Improvements. Business & Health Licenses required.

Is Support & Training Included:

2 weeks

Purpose For Selling:

Other interests

Additional Info

The venture was established in 2003, making the business 19 years old.
The sale shall include inventory valued at $4,000, which is included in the asking price.

The business has 9 FT, 11 PT employees and is located in a building with approx. square footage of 1,200 sq ft.
The property is leased by the company for $2,126 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nonetheless, the true factor vs the one they tell you might be 2 completely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a range of other factors. This is why it is very essential that you not rely completely on a seller's word, yet instead, make use of the seller's response combined with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that profit margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also 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 agreements with suppliers that need to be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new customers? Many times, companies have repeat customers, which create the core of their everyday earnings. Certain variables such as brand-new competitors growing up around the area, roadway construction, and also employee turnover can impact repeat consumers as well as negatively influence future earnings. One important thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the possibility to develop a returning client base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the regional median family earnings effect future income prospects?