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Pick Up Pizza Gross $524,022 yr. Poorly run. Needs Full time owner !
Established 1992. Shows well. Has been absentee operated for many years. It is designed for an Owner/Operator since food costs are a bit high and LABOR COST ARE OFF THE CHARTS !! In 2023 total Labor costs were 34%.(I have an IDENTICLE OPERATION WITH SIMILAR SALES WITH LABOR COSTS AT 20% ABSENTEE OPERATED!! Will prove ! When you recast the sellers P & L for 2023 you find interest of $25,283, (EIDL loan to be paid off), savings of over $70,000 for excess labor, $9,000 in Amortization, ALL TOTALING $104,283. PAST YEARS SALES HAVE BEEN OVER $600,000. ABSENTEE OWNER WITH PARTNERS IN DISAGREEMENT LEADING TO POOR MANAGEMENT. BOTH PATNERS LIVE SEVERAL HOURS FROM THE STORE. THE EMPLOYEES ARE HAVING A HAY DAY !! ( If you are planning on being an absentee owner this is not for you.) OWNERS ASKING $125,000 DOWN AND WILL FINANCE THE BALANCE.
Listed By: Omar Kettani
Ad#:2245744
Listed By: Omar Kettani
Background information
Reference:
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Year established:
1992
Reason selling:
Partners do not get along
Finance
Sales:
$524,022
Operations
Employees:
11
Equipment:
Included in asking price $80,000
Inventory:
Included in asking price
Premises
Facility:
The premises are 1,350 sq. ft. Total rent is $5,192/month. to open an new store is approx. $325,000. Lease expires in 2027. Landlord will extend the lease for a full 10 years.
Location:
Scotts Valley, CA
Opportunities
Growth:
This business is designed for an owner/operator. Once the customers realize the store is under new management it will return to it's historical sales.
Price and terms
Price:
$325,000
Financing:
Seller will amortize the note for up to 12 years with it all due and payable in 3 yea
Training:
Buyer can expect extensive training.