Highlights of Business
- Well managed and profitable
- Immediate profitability – take over one day, be profitable the next
- Seller will train
- Inventory included in price
- SBA financing available
- Seller will sign a non-compete agreement
- Great concept for a franchise chain
- Sales for 2018 are up 3.5% over 2017
Menu Items Offered
This restaurant offers a full menu of pizza, sub sandwiches, and related products. It does not serve alcohol.
This restaurant does offer delivery service to the immediate area. Delivery represents approximately 7% of the company’s revenue. Dine-in accounts for approximately 64%, while carryout is about 29% of sales.
History of Business
The owners started the business in 2012. As can be seen from the steady increase in business, the owners have worked very hard to establish and grow this restaurant.
The seller will provide 2 weeks of dedicated training, at no additional charge.
Seller Non-Compete Agreement
The seller has no intention of going into competition with a buyer, and will sign a non-compete agreement to that effect. The seller suggests terms of 3 years and within 5 miles for such an agreement.
$3,000 in usable inventory at seller’s cost will be included in the sales price of $169,000. Inventory will be taken before closing, and if the actual inventory is less than $3,000, buyer will pay that much less for the business. If more than $3,000, buyer will pay for the inventory which exceeds that amount.
Reason for Selling
The sellers also own another business, which is booming right now, and they need to devote more time to that business.
Time is of the Essence
This is a well-run business with good profitability, and which is priced appropriately for its cash flow, 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 request more information about the business.