Absentee Pizza Shop

Not Disclosed, TX

Asking Price: Annual Revenue:
$560,000 $180,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Absentee Pizza Shop Broker: Brian Martin

Quick Facts

Asking Price: $560,000
Annual Revenue: $180,000
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 593650077
Broker Reference #: Not Disclosed

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Business Overview:

For sale is an efficiently managed small pizza shop in McKinney Texas doing $180,000 a year in profit, that is including the general manager's salary. Currently owned by a busy owner working a separate full time job who is unable to dedicate any time to the business. The asking price is a 3x on the bottom line.

The good: Things are running smoothly and his staff is happy. Every month this year he's taking about $15,000 on the bottom line. The financials are clean and this is ready for an SBA loan.

The bad: The seller is busy and hard to nail down.

The ugly: I'll tell you right now what's going to kill this deal for 90% of people who seriously think they want this business.... employees. Fears about hiring, fears about "what if the general manager quits". These are buyers who will want to speak to the manager before the sale and ask him if he plans on staying for the next 10 years. I can say he will likely stay, he is being paid well for what he does, but you won't be able to disclose the sale to him before it's finalized (and promises to work aren't legally enforceable)... because the seller has the same fears as you, he doesn't want him to quit either and fear of uncertainty makes people quit. Employees like stability, that's why they're employees. His chance of staying is very high if you just go in and say you're the new owner and leave things alone.

Pizza is here to stay; pizza to-go during lockdowns and pizza for dine-in after lockdowns. Because of this brand's local appeal their profits are the only thing that can't be locked down.

One note as a broker, if you're serious, please contact us through the reply to this ad button, you'll stand out above all of the people clicking for more information and you'll get my attention in a good way.

Next steps:
Ask for more info
Sign an NDA and demonstrate you have $110,000 (email me a screen shot of a statement, have your banker call/email me, have a shiny private equity website, I'm not picky)
I'll send you the location and 4 months of financials
Go eat there, secret shop the location, don't speak to any one and see if it's a place you could be proud to own and share with your friends
Make an offer
Enter due diligence and gain access to the rest of the financials
Apply for a loan (or pay cash)
Get approved for your loan and move into closing
Own a really nice asset.

The Math:
$110,000 down
Debt service will be about $75,000 a year
Leaves you with $105,000 cash flow after paying down the debt about $50,000 the first year = $155,000.
More than 100% return on investment in the first year... not to mention the advantageous tax implications of owning a business.

At the end of the day this is using pizza to build wealth; it's simple, smart, and delicious.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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