Priced to Sell Legend Pizza Byron Bay Established Independent Pizza Restaurant with Short Hours
Priced to Sell Legend Pizza Byron Bay Established Independent Pizza Restaurant with Short Hours
Industry :
Food/HospitalitySub Industry :
RestaurantLegend Pizza Byron Bay Established over 32 years ago is easy to run generating good weekly cashflow and generous gross margins. It's been around for a long time, so it's well known to locals and the repeat tourist trade.
Located in an economical shopfront in the centre of town the business relies on a takeaway and delivery service which requires minimal front of House wait service. Staff are predominantly juniors who assist a well-trained and capable head chef. The current owner also works in the Business on a part time basis, but an incoming owner could choose to run under management if desirable.
* Good Weekly Cashflow
* Long Term Lease
* High Gross Margins
Equipment is in good condition and included in the sale price. There is plenty of capacity to increase pizza production without adding new Equipment, space or making significant changes to staffing levels. Hours could also be increased beyond the current dinner time menu which would be allowed under the long-term lease.
Online ordering is setup and integrated with accounting software for easy operation. Whilst effective both could be improved with some attention to detail. The current owner relies predominantly on word-of-Mouth advertising so an incoming owner with some marketing savvy could work generate additional revenue via social channels and better Use of the advertising budget.
Asking Price $199k + sav
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To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
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If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
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$199,000 + SAV
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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