Selling Your Pizza Shop? 

The last few years have been stressful for the restaurant industry and it has been no different for pizza shops. Restrictions related to covid-19 have made it harder than ever to maintain the proper staffing, get supply orders fulfilled, or simply allowing the patrons to enter your establishment. This has added undue pressure for the business owners in respects to both time and money. It is estimated that 14% of restaurants closed their doors permanently as a result of the pandemic. 

When business owners are closing their doors, they can be overwhelmed by the process of liquidating their business assets. We here at WBAR know the decision to close your restaurant is very difficult. We want to try to ease some of the burden by taking some of the steps off your plate. 

While you will need to discuss with the landlord, talk to your employees, inform the city and state, we can help assist you in getting some cash in your pocket and getting the items removed from the location. 

After you submit a request for valuation,(that button is on the right) you will be connected to one of our experts that help walk you though the process. We may ask several questions about your current business assets and whether or not you have a list of all the items currently in your shop. Some of these items may include: 

• Pizza Ovens
• Utensils and Kitchen Tools
• Pizza Baking Stones
• Tables and Chairs
• Napkin Dispensers
• Pizza Delivery Bags
• Other Assets

After we have had the time to review the list of items currently in your pizza shop, we will make you offer. If accepted, we will schedule a day for our team to come and remove all the items out of the location and bring you a check! 

Still owe on your equipment? Leases? Multiple owners? Franchise agreements? Outstanding debt?

IT DOESN’T MATTER. We can help. CALL NOW!!

Interesting Facts About The Pizza Business

When opening a new pizzeria, owners must consider the market and location. Some markets have a preference for delivery options, while others would rather dine in. Outdoor dining options can increase sales for warmer climate markets and covered outdoor dining helps for those variable weather markets, too. If your state allows smoking inside or on the patio, consider having a strict non-smoking section available for guests with small children, health or breathing issues, or simply because they would rather utilize that space while eating.

 The average cost to open a pizzeria in the US is $375,000.00. When opening a brand new pizza place it should be mentioned that you should expect at least 6 months before beginning to see a profit - possibly longer considering higher wages associated with labor shortages, food shortages resulting in increased costs, higher security deposits or lease terms since landlords and owners of properties or shopping malls / strips that rent to restaurateurs have experienced a higher incidence of eviction or court costs or simple business abandonment due to losing money instead of making any profit. In addition, the owner needs to consider whether they will continue their previous employment while awaiting the business to generate enough profit to properly pay them for the many hours they will be putting into the business. Anyone who has ever owned a pizza shop or any other type of food establishment knows that working twice as hard for half as much is almost a given, usually working for the simple reward of a business that makes enough money to make up for all of the time and energy they have poured into their family business or franchise.

 In 2020 there were over 478,000 pizzerias in the US. California had the most, with 6,065, but with 36,961,664 residents that averages to 1.64 pizza shops per 10,000 people. District of Columbia had the least, with 89. Their population of 599,657 brings their average per 10,000 people to 1.48. Hawaii had the lowest average per 10,000 people (1.08) with their 140 pizza restaurants and 1,295,178 residents .  The highest average (3.40 per 10,000 people) goes to New Hampshire - their 1,324,575 residents enjoyed 450 individual pizza shops to choose from in 2020. The first pizzeria is considered to be Antica Pizzeria Port Alba, which opened in Naples, Italy in 1830 and is still open for business today. The world’s largest circular pizza ever, according to Guinness World Records, weighed 26,883 lbs. Made at Norwood Hypermarket in South Africa, it measured 1,472 inches around  in circumference, contained 9,920 lbs of flour, 3,960 lbs of cheese, and over 3,900 lbs of tomato.

 It is estimated that for every 1,000 new pizza shops that open, 30 will remain after 5 years, with 900 of those closing within the first year. If you are considering selling your pizza business, you already know the market. It is best to sell fast - sell NOW - before thousands of other restaurants like yours flood the market, devaluing your investment right alongside the daily depreciation factors. Stop struggling to earn a living, and start living! Call WBAR NOW for your FREE valuation.