Very Profitable Pizza Restaurant-Catering Could Be Added

Contact Seller
Well-known, Always Busy Italian Restaurant with More Growth Very Achievable
Asking Price:
$469,000

Gross Revenue:
$947,522
Cash Flow:
$150,354
EBITDA:
$119,851
Inventory:
$10,000
included in asking price

FF&E:
$55,000
included in asking price

Real Estate:
$460,000
not included in asking price

Share this business:

Business Description

Highlights of Business
• Business is well established
• Special SBA rule allows for a possible down payment on the real estate of 5%
• Substantial growth potential possible by adding catering services.
• Immediate profitability - take over one day, be profitable the next
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms. Because the real estate will be sold with the business, the payment terms will be 25 years on both business and real estate, resulting in substantially lower monthly payments on the purchase of the business
• Seller will sign a non-compete agreement

History of Business
This business was started in 2007 and the current owners purchased it in 2010. They expanded the menu, remodeled the restaurant, and have enjoyed increasing sales and much goodwill in the community.

Discretionary Earnings Calculations
The Discretionary Earnings (sometimes referred to as Normalized Cash Flow or Total Owner Benefit) for this business of $150,354 is AFTER deducting the estimated debt service on the real estate in the amount of $36,231. The real estate is available through VR's sister company Professional Real Estate, LLC for $460,000.

Time is of the Essence
This is a well-run business with good profitability, and which is priced attractively, so it will sell quickly. Buyers who believe it might be a possible fit for them should not delay in taking the next step, which is to meet with the owner and see the facility.

About the Business

Location:
Springfield, Missouri
Year Established:
2007
Number of Employees:
24
Real Estate:
Owned
Building Sq. Ft.:
25,740
Facilities:
The business is operated in a building on a site of approximately 25,740 sf. The building was remodeled in 2017 and the asphalt parking lot was resealed and striped in 2018. There is an outdoor patio area as well as inside seating for 94 patrons.
Market Outlook/
Competition:
The primary competition is from other local restaurants such as Little Caesars, Dominos, Casey’s, and Pizza Hut. While some offer lower prices, the owner thinks they are of inferior quality. Dominos has an advantage by offering a broader delivery area. The owner thinks that having a sit-down restaurant with servers allows them to provide a level of customer service that the delivery and take-out competitors can’t offer.
Growth & Expansion:
The seller believes that expanding delivery would be one way to increase sales. He thinks a new owner could expand the geographic area that they deliver to as well as offer this service during the lunch hour. Currently, only about 10% of sales are from delivery.

Catering is another option for increasing sales. The current seller does not currently offer catering services but routinely gets asked to provide this service.

A new owner should also consider adding a drive-thru window.
Contact the Seller

About the Sale

Reason For Selling:
The owners need the proceeds from the sale of this business to pursue another bu
Training/Support:
The seller will provide 2 weeks of dedicated training, at no additional charge.
Seller Financing:
The owner will consider providing the necessary seller financing if required by SBA.

Listing Info

ID:
1537606
Ad Detail Views:
603

Attached Files Attachment Disclaimer

  More Info About Business (252 KB)
Download



Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Bret McGowne, CBI

VR BUSINESS SALES - Spfd/Branson Office

 Show Phone Number

View My Active Listings
Sponsoring Broker:

Jerry Myers, MBA, CBI
VR BUSINESS SALES - Spfd/Branson Office

U.S. Census Data for Greene County, MO
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Greene County, MO
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 full Terms & Conditions.