Hi everyone. Were looking at a Pizza shop that is for sale. His sales are down to 4500.00 per week. The shop is a complete mess needing complete scrub down and clean all equipment. We could probably start with his equipment and maybe buy new pie ovens once we make some money. Would need paint inside and maybe newer booths just to show a change. I think spending money on a new ceramic floor would be the biggest improvement for customer appearance. He’s down to a selling price of $27,000.00 and the rent was 1900.00 and is droping to 1400.00 per month for the new owners. The cooking area is very tight but has around 6 booths for customers. I’m thinking the shop is 1000 square feet give or take. We’ve never owned a shop but my son has 15 years working for some of the best Italians. He has multiple freinds in the pizza business for him to contact.
My Question is: should I give him the ok to buy? We already have a LLC set up to pull the trigger and a line of credit to start.
Thank you
Would we be smart to close down for a week to get this place loooking clean for people to want to come back and eat here.
My Question is: should I give him the ok to buy? We already have a LLC set up to pull the trigger and a line of credit to start.
Thank you
Would we be smart to close down for a week to get this place loooking clean for people to want to come back and eat here.
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