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Author Topic: Should I buy????  (Read 515 times)

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Offline lingandclams

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Should I buy????
« on: August 03, 2022, 03:19:41 PM »
Hey All,

I was approached to buy an existing pizzeria for 500k. The books show in the past three years have done 1.2M, 1.4M and 1.6M. The lease would have to be negotiated.

Offline TXCraig1

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Re: Should I buy????
« Reply #1 on: August 03, 2022, 03:50:29 PM »
"Done" as in top-line revenue? How much of that did they actually keep? Be sure you adjust out any PPP money they got.
"We make great pizza, with sourdough when we can, baker's yeast when we must, but always great pizza."  
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Offline Pizza_Not_War

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Re: Should I buy????
« Reply #2 on: August 03, 2022, 06:19:15 PM »
Lots of information needed beyond gross revenues. Are they provable? Cash business or a mix with credit cards? How long in business, etc. You need a qualified CPA or lawyer to look it over before undertaking it. I have no idea of what the going multiples are for such a business but CPA should know. Does it include modern fully equipped location?

Etc.

Offline Jimbolini

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Re: Should I buy????
« Reply #3 on: August 04, 2022, 02:56:34 PM »
Basically, everything the  above people said.  :)

Need a ton more info.



Offline lingandclams

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Re: Should I buy????
« Reply #4 on: August 04, 2022, 03:31:01 PM »
Thanks All! I am new to this :)  will do some more digging.

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Offline woodfiredandrew

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Re: Should I buy????
« Reply #5 on: August 05, 2022, 12:31:24 PM »
Thanks All! I am new to this :)  will do some more digging.


If you are new to pizza business then got got you interested? you think there is potential to make ton of money?
don't get me wrong , just curious...
People are unreasonable, illogical and self-centered, love them anyway. If you do good, people will accuse you of selfish ulterior motives, do good anyway. Honesty and frankness make you vulnerable, Be honest and frank anyway. If you are successful , you will win false friends and true enemies, succeed anyway.

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