This restaurant and pizza parlor is a great opportunity for an individual or multi restaurant owner with a qualified manager. It has a history of stable revenues and profitability. The café is an important business in the community. There is a primary reliance on the local residents to patronize the restaurant. It also sources products locally as part of farm to table movement. Employees primarily come from the community. Competition is limited and is even more limited in pizza - the primary source of revenues. This turn- key opportunity comes with all the current recipes, the equipment package and an attractive lease from the sellers who also own the building.
About the Business
Number of Employees:
1FTE 10 PTE
The café sits on owned land and will be leased at commercially reasonable rates and terms. It occupies 1,500 Square Feet plus an outside dining area. On site parking is plentiful. The equipment includes a full working kitchen and all furniture and fixtures.
There are 5 other local food establishments. All have a different menu. None of them feature pizza as the primary revenue source. The town continues to grow in population. The majority of the business comes from the local community and is repeat.
Growth & Expansion:
While the restaurant does very well as it is presently operated, there are new opportunities to grow the business that include:
• Start accepting credit cards ( the café currently only takes cash and checks) • Sell gift certificates or develop a rewards program • Develop a delivery business. • Expand the catering • Develop the full meal pick up service by expanding the menu • Sell bake at home pizza kits • Expand the hours to pick up the high school lunch business
Owners have been in the business for 23 years and would like a change of lifesty
Seller will train as needed and provide recipes.
Seller will consider up to 10% financing.
Ad Detail Views:
Asking Price: $150,000 Gross Revenue: $428,000Cash Flow: $75,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $3,000 included in asking priceFF&E: $40,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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