Listing ID: 73436
This Pizza & Sports bar combines a Great Pizza Franchise and Sports Bar to eat and watch sporting events. With the strong reputable pizza franchise and the over 40 tv’s, this is the place for great food and great sports watching.
This is located in the Central Ohio area with location that is right off freeway, in a popular shopping center, and on a very busy street.
The Restaurant has a patio, large dining area, separated bar area, 24 beer tap system with dedicated walk in cooler, large kitchen with 20′ hood, and a large pizza oven to handle sales.
This location averages over $1.0M Sales, even in the Covid-19 lockdown year of 2020. Sales in 2021 should get to $1.0 M once again. This store is totally staffed with excellent crew members
The sports bar seats over 230 inside with another 40 on the patio.
The sales includes Franchise Name & Recipes, D5 liquor permit, and a large list of FF&E
This is a CONFIDENTIAL SALE- please sign agreement attached to this ad, to get info on this Great Pizza & Sports Bar
- Asking Price: $199,000
- Cash Flow: N/A
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,969
- Lot Size:N/A
- Total Number of Employees:27
- Furniture, Fixtures and Equipment:N/A
5969 Sq ft with large dining area and a large kitchen able to handle large volumes
Both Franchisor and Present owner will offer training needed to succeed
Downsizing amount of restaurants
Only Pizza shop in this shopping center along with only sports bar
Expansion of sales can come from more marketing of this location
This Business Is An Established Franchise
The venture was founded in 2018, making the business 4 years old.
The deal won't include inventory valued at $10,000*, which ins't included in the suggested price.
The company has 27 employees and is situated in a building with approx. square footage of 5,969 sq ft.
The building is leased by the business for $7,479 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nonetheless, the true factor vs the one they tell you might be 2 entirely different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is extremely important that you not depend entirely on a seller's word, yet instead, utilize the vendor's solution in conjunction with your total due diligence. This will paint a much more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Most times, operating businesses have repeat customers, which develop the core of their everyday revenues. Specific factors such as new competitors growing up around the area, road building, as well as staff turn over can affect repeat consumers as well as adversely impact future profits. One important thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the local average home income effect future revenue prospects?