Listing ID: 81205
Delicious Pizza, Italian dishes, wings, sandwiches and more….huge kitchen with large walk-in, large seating, large carry-out and delivery, very profitable family owned restaurant for many years, great reputation
owners sold it to family after 2 years in existence so 12 years total, this family has owned it nearly 10 years
Huge variety, huge kitchen, large dining
Opportunity to add more hours and more employees to increase revenue and growth
- Asking Price: $140,000
- Cash Flow: $105,147
- Gross Revenue: $188,325
- EBITDA: N/A
- FF&E: $42,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
other business interests
The company was founded in 2009, making the business 13 years old.
The sale will include inventory valued at $1,000, which is included in the requested price.
The business has 2 employees and is situated in a building with disclosed square footage of 1,300 sq ft.
The property is leased by the business for $3,143.67 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 totally different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is really important that you not depend totally on a seller's word, yet rather, make use of the vendor's solution along with your overall due diligence. This will paint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Most times, operating businesses have repeat consumers, which develop the core of their daily profits. Specific aspects such as brand-new competitors sprouting up around the area, road building and construction, and personnel turnover can influence repeat clients as well as negatively impact future incomes. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional average household earnings influence future revenue potential?