Listing ID: 79183
What a great opportunity to operate your own Pizza Restaurant in the Coral Springs / Parkland area. With over $400,000 in build-out and equipment, this modern-day restaurant and the well-respected franchise are available with or without the current system in place. Fully staffed with W2 employees and a long-term lease is in place, to which you are surrounded by thousands of residential homes and business people who love to eat pizza! Indoor and Outdoor seating. SDE has been normalized by removing the franchise and replacement of management with a working owner. This opportunity should qualify for most investors visas and some owner financing is available to qualified prospects. Please refer to listing number 0101371593, business broker Tom Milana 5617026867 when inquiring about this listing.
- Asking Price: $200,000
- Cash Flow: $90,982
- Gross Revenue: $636,299
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $2,500
- Inventory Included: Yes
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,823
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 8500 Square Footage: 2823 Building Type: Restaurant Terms & Options: 3 five year options Expiration Date: 2/28/2025
Weeks Training: 4 Cost: $0
Other Business Ventures and Brands
Non Compete : Miles: 25 Years: 4
This Business Is An Established Franchise
The venture was founded in 2020, making the business 2 years old.
The deal does include inventory valued at $2,500, which is included in the asking price.
The company has 15 employees and is situated in a building with estimated square footage of 2,823 sq ft.
The real estate is leased by the company for $8,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nevertheless, the genuine factor and the one they tell you might be 2 totally different things. For instance, they may state "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or a range of various other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, yet instead, use the vendor's response in conjunction with your overall due diligence. This will paint a more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new customers? Most times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Specific variables such as new competition growing up around the area, roadway building, and staff turn over can impact repeat consumers and adversely influence future profits. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the possibility to construct a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the local typical house earnings impact future earnings prospects?