The owner started this business in April of 2013, and the business has been steadily and rapidly growing, averaging year over year monthly increases in sales of 65.3% (for the twelve months ending February 2016 - see Sales by Month info by clicking on the Attached Document "More Info About Business" below). While the business does offer the option of dining in, with seating for 36, the seller reports that dine-in business amounts to only about 5% of total sales, with 75% of sales coming from deliveries to the local community, and about 20% coming from carryout orders. This is an exceptionally well-managed business, and the seller fully expects that the growth rate will continue at its current pace for the rest of this year, or perhaps even increase the growth rate slightly, as he has added more marketing promotions to his business model for 2016. The business has a full menu and offers pizza, pasta, sandwiches, and salads and features Pepsi products. The owner is selling the business only because in the summer months, which are the busiest (see Sales by Month info by clicking on More Info About Business link below), he works too many hours to be able to enjoy the summer with his kids. He says he works 13-14 hours per day during the busiest couple of months of the year (the rest of the year he says he averages about 45 hours per week – much less in the off-season months of December, January, and February). His wife also works in the business during the busiest part of the summer. She is paid for all the hours she works, at a rate comparable to the other employees. The Discretionary Earnings (also known as Normalized Cash Flow) for the business for 2015 was $66,769. That's the amount that a buyer would have had available had they owned the business that year, and operated it no better nor worse than the current owner, to do 3 things: service the debt on the purchase of the business; pay themselves a salary; and provide a return on investment on their down payment used to purchase the business. (See the Return on Investment calculations in the Test for Reasonableness of Purchase Price Test by clicking on the More Info About Business link below.) The seller expects the Discretionary Earnings for 2016 to be at least $80,000, which would mean the business would be worth about $184,000, so at the price point of $154,900, it is priced attractively. This business qualifies for SBA financing since it has good books and records and is priced appropriately for its Discretionary Earnings. Typical down payment required for an SBA-guaranteed loan is 10-12%. The estimated amount of down payment required to purchase this business using an SBA-guaranteed loan is $16,550, if included in the loan is working capital of $5,000. Click on the More Info About Business link below to see the most likely deal structure for this business. For more information about this business, and for a definition of Discretionary Earnings, click on More Info About Business link below. This is a well-managed business, with a tremendous amount of genuine upside potential, whose profitability is above average, and which is growing rapidly - and which is priced reasonably. So, it won't last long. If you think this business might possibly be a fit for you, take the next step of requesting more information today.
Saint Louis, MO
Venue for weddings, reunions or corporate functions, restaurant with beer garden and sidewalk seating, comedy club or any combination. These are just some of the possibilities for this Central West End landmark. For more information and pictures go to www.cwevenue.com. The owners are so convinced that a wedding venue would be successful at this location that they are willing to be a silent minority partner and provide some funds for finishing work. Minimum capital required for this venture will range from $100,000 to $475,000 depending on the intended use and if the kitchen will start out as a full kitchen or a warming kitchen. For more information or to schedule a showing call Terri at 314-680-8652 or 314-842-1313 or call Greg at 314-680-8658 or Phil at 314-713-9922. Owners will cooperate with brokers. This is NOT a real estate sale although right of first refusal will be given to the lessee.
Business listed by:
Unknown Broker Company
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