Listing ID: 82360
Updated financials! Very clean eat-in or take out restaurant. Great location on a highly traveled street, highly visible signage. About 50% of the current to-go orders are through DoorDash, Uber Eats, etc. Located close to college students and numerous hotels. New owners have updated the menu, stable cash flow.
The menu has some unique pizzas that will only find at this restaurant in Lincoln! Not a franchise, giving you a lot of flexibility to forge your own path. Very few pizza places in the immediate area to compete with, add some hours of operation to immediately increase your bottom line. Lots of opportunity for growth!
This restaurant has been in Lincoln since 2015, same location the entire time. Currently the only location in Lincoln. Menu was updated in the last few months and prices were raised slightly, which helped to increase net sales
High density of restaurants within a 1 mile radius, the other pizza places are all chains.
Being open longer hours could add a sizeable percentage to total sales. Late night pizza crowd is a big money maker
- Asking Price: $112,000
- Cash Flow: $22,000
- Gross Revenue: $112,000
- EBITDA: N/A
- FF&E: $70,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business was started in 2015, making the business 7 years old.
The deal will include inventory valued at $5,000, which is included in the listing price.
The company has 5 employees and is located in a building with estimated square footage of N/A sq ft.
The real estate is leased by the company for $2,550 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. However, the true reason and the one they say to you might be 2 completely different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be justifications to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is extremely crucial that you not count entirely on a vendor's word, but rather, use the vendor's solution in conjunction with your total due diligence. This will repaint an extra practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new customers? Often times, operating businesses have repeat clients, which develop the core of their everyday profits. Certain variables such as brand-new competitors sprouting up around the area, road building, and personnel turnover can impact repeat consumers and adversely affect future profits. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the chance to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical family earnings influence future revenue potential?