71234-Pizza, Fresh Baked Bread & Donuts

ME

Seller Financing Available
71234-Pizza, Fresh Baked Bread & Donuts
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Asking Price: Get Financing: $600,000

Cash Flow: $50,000

Gross Revenue: $700,000

EBITDA: N/A

FF&E: $100,000

Inventory: $8,000

Lease Rate: N/A /SF

Established: 1966

71234-Pizza, Fresh Baked Bread & Donuts

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Business Description

All-inclusive! Located one hour from Portland, Maine, this quick service food retail operation specializing in hand-tossed pizza, fresh baked bread, and breakfast items. Currently, 80% of revenue derives from local residents, 15% from the outlying community including tourists and visitors to the local area, and less than 5% of sales come from other retail businesses within 40 miles. According to the owner, an opportunity exists to expand this market. The company has a proven track record, supported by loyal customers over the years. With its broad range of products, the company’s marketing efforts focus on targeting local within a 60 to 100-mile radius and tourists. This business has been growing steadily over the past five years.

With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. This business offers the new owner a 50-year operating history in the community, a prime location and a focus on high quality products. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The included 1,800-square facility features 1,100-square feet of kitchen and preparation areas and 700-square feet of customer service area. The business has a high visibility location. While the property is included, a lease could be negotiated.
Financing:
Negotiable for the right buyer
Support & Training:
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason for Selling:
Approaching retirement.
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(from currently available funds)
 
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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