Listing ID: 82857
Business Overview
Originally started in 1968 by the current owner’s father in New Jersey. The current owner started a Pizza Restaurant using the same ingredients on his New Jersey style pizza in Missouri in 2008. This business is two separate entities; a pizza restaurant which opened in 2019 and a wholesale foodservice business which started in 2008. The wholesale division specializes in proprietary fresh pizza dough balls, pizza sauce, and marinara sauce made famous by his father in 1968. Product is delivered fresh two times per week to his wholesale customers. These two entities are for sale together or the Pizza Restaurant may be purchased separately.
Financial
- Asking Price: $420,000
- Cash Flow: $141,981
- Gross Revenue: $616,693
- EBITDA: N/A
- FF&E: $140,000
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2008
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Owner is committed to a smooth transition of ownership.
Other Business Opportunities.
Additional Info
The company was established in 2008, making the business 14 years old.
The transaction shall include inventory valued at $4,000, which is included in the requested price.
The business has 7 employees and is located in a building with approx. square footage of 6,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nonetheless, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is really vital that you not depend completely on a seller's word, yet rather, make use of the seller's answer combined with your overall due diligence. This will paint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that earnings margins are too thin. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may 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 lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the location, road construction, as well as staff turnover can influence repeat clients and adversely impact future revenues. One important point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the opportunity to construct a returning consumer base. A final idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the local average home earnings influence future earnings potential?
