Very Profitable Pizza Restaurant-Catering Could Be Added
Well-known, Always Busy Italian Restaurant with More Growth Very Achievable
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
Contact the Seller
- Springfield, Missouri
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
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.
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.
About the Sale
- Reason For Selling:
The owners need the proceeds from the sale of this business to pursue another bu
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.
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