Listing ID: 81384
SEMI-ABSENTEE Italian pizzeria casual restaurant in dual anchored shopping center! Beer/wine license in place, but not included in sale. Food is made from scratch daily with homemade specialties – all recipes included in sale! Sales very strong in 2021 with covid recovery! Great web reviews. Nice robust menu includes popular healthy options along with all of the Italian favorites! Plenty of room for growth by adding catering! Gross Sales and Net Income are projected for 2021 based on first 5 months of the year. EMAIL NOW before it is gone! For the fastest reply to you inquiry, please use this ad’s email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email email@example.com
- Asking Price: $175,000
- Cash Flow: $56,663
- Gross Revenue: $470,000
- EBITDA: N/A
- FF&E: $65,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,394
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1394 square feet with a Total Rent of $4534. Lease ends 08/2025 with a one 5 year lease options. Seller is active in the business with 5 FT employees, and 3 PT employees. Hours of operation are 11AM-9PM Sun-Thur, 11AM-10PM Fri-Sat. $5,000 in Inventory and $65,000 in FF&E included in Asking Price. $70,000 made in Leasehold Improvements. Assets include Busy location in dual anchored shopping center! Fresh ingredients! Beer/Wine License Required.
Fourteen (14) days
The company was started in 2002, making the business 20 years old.
The sale will include inventory valued at $5,000, which is included in the asking price.
The business has 8 employees and is located in a building with disclosed square footage of 1,394 sq ft.
The property is leased by the company for $4,534 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell companies. Nevertheless, the true factor vs the one they tell you might be 2 completely different things. As an example, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a range of other reasons. This is why it is extremely vital that you not depend entirely on a seller's word, but rather, utilize the seller's response combined with your overall due diligence. This will paint a much more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too thin. Numerous organisations come under 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 take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new consumers? Most times, operating businesses have repeat customers, which create the core of their everyday earnings. Specific aspects such as brand-new competition growing up around the area, road construction, and personnel turn over can affect repeat customers and also negatively impact future revenues. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the regional typical household earnings effect future revenue prospects?