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Restaurant For Sale - Springboro, Ohio, OH - Warren County |
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| PROFILE: Need To Sell: Established Pizza And Italian Franchise Restaurant Id # 0015 |
| Status: |
Off The Market |
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| State: |
Ohio |
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| Location: |
Warren County |
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| County: |
Warren |
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| City: |
Springboro |
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| Primary Category: |
Restaurant Related |
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| Alternate Category: |
None Given |
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| Asking Price: |
$150,000 |
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| Down Payment: |
$100,000 |
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| Annual Revenue: |
$422,904 |
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| Annual Adjusted Net: |
$40,548 |
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| Price Range: |
$100,001-$250,000 |
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| Franchise: |
Yes |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Yes |
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DESCRIPTION: Price Reduced. Id 0015 > Would You Like To Own And Operate A New Franchise Restaurant With An Existing Customer Base Without All Of The Start-Up Frustrations Associated With Opening A New Restaurant? Well Then You Must See This Turn-Key Italian Franchise Restaurant Business Ideally Located In A Charming Area Of An Ohio Town. You Can Now Own This Business For A Fraction Of What Has Been Invested Into This Wonderful Business. 2 Year Old Business Offering 50 Customer Seating, Carryout Counter, Catering And Delivery Services. Huge Menu Offering Cook To Order Italian Dishes And Chicago Style Pizzas. Over $300,000.00 Has Already Been Invested By Current Owner Towards New Leasehold Improvements, Modern Restaurant And Office Equipment, And Furniture And Fixtures. Located In A Newly Refurbished Building With Two Distinct Areas Offering In-House Seating And Carryout Service. Full Service Kitchen, Comfortable Seating, Wall Mural Paintings, Game Room Area For The Children, New Clean Building Structure With Nice Facilities, Huge Menu, Carryout And Order Counter Separate From Dining Area Are Several Of The Reasons Customers Find This Business A Wonderful Place To Dine. Business Franchise Can Be Discounted To New Owner And There Will Be Training Offered By The Franchisor And The Current Owner(S). Sales Have Increased Each Year And The Business Is Positioned For Substantial Growth. Current Owners Only Work In The Business Part Time And A Fully Trained Staff Can Handle All The Cooking, Order Taking And Management Of The Store. More Income Could Be Realized If The New Owner Or Family Members Are Willing To Work In The Business Full Time. Most Of The Existing Business Has Come From Word Of Mouth Or Local Advertising In Local Flyers. Increased Advertising Should Bring Additional Sales. Adding A License To Sell Beer And Wine May Also Allow Buyer To Increase Sales And Profitability Substantially. Note: Seller Is Highly Motivated And Will Assist With Financing. Accurate Tax Returns And Accounting Information Are Available For Viewing. Confidentiality Agreement Must Be Signed By Prospective Buyer. Cash Flow Or Roi Calculations Can Be Supplied To Buyer. Existing Lease Is Under $3500.00 Per Month.
Please Refer To Listing Id: 0015
Industry: Food And Beverage
Industry Segment: Restaurants
Geography: United States > Ohio > Warren County
Asking Price: $150,000
Gross Revenue: $422,904
Gross Revenue Comments: Annualized Figures For 2008 Based On 2 Months Figures From P & L
Cash Flow: $20,548
Cash Flow Type: Seller's Discretionary Earnings
Cash Flow Comments: Based On New Owner Working Full Time In Place Of One Manager
Value Of Inventory: $500 (Included In Asking Price)
Value Of Equipment: $120,000 (Included In Asking Price)
Seller Financing: Because The Price Has Now Been Reduced To 150,000. The Seller Will Ask For The Entire Amount At Closing.
Year Established: 2005
Number Of Employees: 3 Full Time - 17 Part Time
Franchise: Yes
Mgmt. Training/Support: Owner Will Stay With The Business For 14 Business Days And Onsite Training Is Also Available From The Franchisor (Optional). May Negotiate Additional Familiarization Time To Help Buyer Transition Into The Business.
Reason For Selling: Owners/Partners All Have Other Interests. Mother And Father Are Retired And Daughter Will Be Working In A Profession Which Will Take Her Away From The Business.
Facilities: New Building With 6000 Square Feet Of Space. Well Over $120000.00 In Leasehold Improvements Have Made This Restaurant Absolutely Charming And Cozy For It's Customers . Central Air And Heat Have Been Added. Complete With Storage Areas, Restrooms, Office Areas, Vending Area, Carryout Space And Separate Dining Room. Reasonable Lease.
Market Outlook/Competition: Market Outlook Is Positive With Sales Figures Showing An Upward Trend Without Any Significant Advertising Being Done. Great Location In A Bustling Area Of One Of Ohio's Most Growing Counties. Competition Is Offset By This Unique Franchise Opportunity Offering A Very Unique Italian Cuisine That Distinguishes It From The Closest Competitor. Located Close To Major Shopping, Residential And Commercial Areas.
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