Listing ID: 84021
Opportunity Knocks at the Hilltop Plaza in Orleans. IZZO’s Pizza is now for SALE!!! Turn Key Pizza Restaurant serving speciality pizzas, subs & salads. Open year round to satisfy their loyal customer base of locals & tourists. Highly visible location in the busy Hilltop Plaza. The sale includes all FF&E, brand, and leasehold. Ample storage & parking. Strong growth potential to expand this solid business. Time to Make Your Pizza Dreams A Reality!!!
- Asking Price: $129,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $70,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Large space with indoor dining, spacious kitchen & separate prep area.
One other Pizza shop in Orleans
STRONG growth potential to continue current pizza business, or develop your own pizza concept!
The business was founded in 2011, making the business 11 years old.
The business has 5 employees and resides in a building with approx. square footage of 1,500 sq ft.
The property is leased by the company for $2,666.67 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 totally different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of various other reasons. This is why it is very important that you not depend entirely on a seller's word, but instead, make use of the vendor's solution combined with your general due diligence. This will repaint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover things like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Often times, businesses have repeat consumers, which develop the core of their day-to-day profits. Certain aspects such as new competitors growing up around the location, road construction, and staff turnover can affect repeat clients as well as adversely influence future earnings. One vital point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the opportunity to develop a returning client base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the regional mean family earnings influence future revenue prospects?