Long Standing Woodfired Pizza Business
SEEKING - $250,000 + SAV
With over 20 years serving the area, this Woodfired Pizza business has built a very strong reputation for quality, service and being able to cater to all the client’s needs.
REVENUE - $402,000 pa
RENT - $19,200 pa
EXPENSES - $224,972 pa
NET PROFIT TO OWNER - $175,108 pa
LOCATION DETAILS - The business has recently relocated due to the construction of the new Northern Beaches Hospital. The move has proven very successful with business even increasing in the new location. The business is located in among other shops.
POTENTIAL - Any new owner has multiple ways to increase sales. Currently, the owner only services a limited number of suburbs. There is of course the option of targeting more surrounding suburbs, increased delivery area, joining other food delivery companies, increasing the size and diversity of the menu. There is also the option of adding more outdoor table service areas and thus allowing people to dine in.
RECOMMENDED SKILLS - The owner is happy to train the new owner in how to operate all the equipment and how to prepare the food, so no past experience in cooking Woodfired pizzas in neccesary.
HOURS - The business is open 6 days a week with Monday being closed. The current owner caters for the Lunch and evening business
LEASE - The buiness has just recently moved into the premise; Current term expires June 2019 With a 3x3 option
EMPLOYEES - The owner currently employess a casual staff that helps in preperation, cooking and deliveries of 4 staff. The owner works full time in the business.
REASON FOR SALE - The owner has decided after 20 years of running the business that he wants to retire and spend more time with the family.
ABOUT THE BUSINESS - As the type of business suggests, it is a woodfired Pizza business. They specialise in Pizza, Pasta and all side dishes associated. The business is open for lunch & dinner. It has a Dine In (BYO) - Take Away – Delivery while catering for Alfresco dining, Wheelchair Access, Private Functions and Corporate Functions. They also specialise in set menus and cater for all function requirements. As we all know, longevity is key to any business no matter what industry. It is even harder in the hospitality / food business. The business with over 15 years in business has a proven formula for success and with an extensive database, they have a very significant turnover. The other factor is the location of the business. It can be found in a mostly residential area with people in surrounding suburbs not having a large choice in eat-in or takeaway menus. They deliver to around 10 suburbs just west of the beaches and so don’t compete with all the restaurants located right near the beaches.
BACKGROUND - The business was located near where the the Northern Beaches Hospital now stands. The owner was forced to move but that has turned out for the better. The business was at the old location for nearly 15 years and thus people in the area all know of the buiness. The owner obviously does most of his business from deliveries and so with the same contact details moving with the business is has been a seemless move.