Listing ID: 84062
Terrific Business! Very popular pizza place in Leominster Massachusetts. The Italian-style pizza and other foods at this shop is delicious as can be proven from the overwhelmingly great reviews. Here’s your chance to get going on day one with a very profitable PIZZA/SANDWICH/PASTA/SALAD business. Once you try their food, you’ll see why the business does so well. The owner will teach you how to prepare all of these menu items. (All of the recipes come with the business.)
The business is located in Leominster Massachusetts. It has lots of street parking and there’s a nearby parking lot. It is very convenient to local residences and businesses in this section of town. In addition to pizza, the business makes some great Italian pasta dishes, sandwiches, salads, paninis, etc.
The owners are doing average proforma sales of $17,000 per week with annual average proforma weekly sales of over $800,000. The business is closed on Sundays. You can open on Sunday to make even more money. Also, the business has done very little advertising. A new owner can use coupon mailings to increase sales even higher.
We have so much more information about this business that we want to share with you including a full summary and revenue expense breakdown. But this is a very confidential listing. So, in order to share the details with you we will need you to fill out the “Contact the Seller” area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.
- Asking Price: $265,000
- Cash Flow: $210,000
- Gross Revenue: $728,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,600
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
2600 SF total. Located in Leominster. Very busy and popular area. Many nearby businesses, homes and apartments. Rent is approximately $3000 gross per month.
Seller is willing to provide the necessary transitional assistance to buyer. All recipes included in the sale of the business.
Seller is moving
Not the only pizza shop in town, but this is the only one with this style of pizza and it is DELICIOUS! You have to come in and try it. Very well liked. Customers love this place and you will too. This is a middle class town and its residents are the best customers for pizza sandwich shops.
Open on Sundays (they don’t). Open later in the evening (they don’t). Send out coupon mailings to the local area. (They rarely do so.)
The company was established in 2005, making the business 17 years old.
The deal won't include inventory valued at $10,000*, which ins't included in the requested price.
The business has 6 employees and is located in a building with approx. square footage of 2,600 sq ft.
The property is leased by the business for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. However, the true factor and the one they say to you may be 2 entirely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is extremely important that you not rely absolutely on a vendor's word, yet rather, make use of the seller's answer in conjunction with your general due diligence. This will repaint an extra reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Most times, companies have repeat consumers, which create the core of their everyday profits. Certain variables such as brand-new competitors growing up around the area, road construction, and employee turnover can affect repeat consumers and negatively influence future incomes. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the chance to construct a returning client base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional average household earnings influence future income potential?