Listing ID: 83942
You don’t get wood fire pizza around every corner. Incredible opportunity to own a successful well established pizzeria in the heart of a university town with virtually zero competition. This family owned business was built with special attention to every detail from the wood fire pizza oven to the warm friendly atmosphere. The top level of service that keeps the community coming back is contributed to the hands of the owners taking pride in their home made receipts, (to be included in the sale), Step right in and admire how well your staff will operate your business so efficiently. Getting through the pandemic was no easy task, but with the right personnel in the right place Slice of Spice is up & running full force.
Big thank you to our patrons of 11 years!
- Asking Price: $400,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Equipment, Furniture, Inventory, Licenses
The business was founded in 2011, making the business 11 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. However, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they may state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other reasons. This is why it is very crucial that you not count completely on a seller's word, yet instead, use the seller's solution combined with your overall due diligence. This will paint an extra sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover items like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too small. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new consumers? Many times, operating businesses have repeat consumers, which create the core of their everyday profits. Certain aspects such as new competition sprouting up around the location, road building and construction, as well as personnel turn over can affect repeat clients as well as adversely affect future revenues. One crucial point to take into consideration is the placement 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 higher the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean house income effect future earnings potential?