Listing ID: 84016
Great Turn-key opportunity to own a well established community pizzeria. Fully built out with huge potential, current owner too busy to personally operate and maintain. This <25 seat, +/- 1257 SF pizzeria offers many recent updates that include a new drop ceiling, light fixtures, walk-in cooler compressor, fryolators, paint, 60 ton HVAC unit and much more NDA required for location, name, and pertinent financial data. Current lease is available to be transferred to new buyer. Call list agent to discuss further details.
- Asking Price: $129,900
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- 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
20+ parking spaces available. 2 Restrooms, walk-in cooler compressor, Kitchen with new fryolator.
Owner training & support is negotiable, subject to landlord & city approval of new owner.
Current owner too busy to personally operate and maintain
The business was established in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. However, the true reason and the one they say to you may be 2 entirely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a variety of various other factors. This is why it is extremely crucial that you not count entirely on a seller's word, however rather, utilize the seller's answer along with your general due diligence. This will repaint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous 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 points such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that revenue margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Often times, businesses have repeat clients, which develop the core of their day-to-day profits. Specific variables such as brand-new competitors sprouting up around the area, road building, as well as staff turnover can impact repeat consumers and also negatively impact future earnings. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood typical house earnings influence future earnings prospects?