If you are considering buying a business, you might have thought about a pizzeria. It is a common choice for first timers. Compared to some companies, there is a relatively small learning curve. You can often get into the business for a minimal down payment, and it is well suited for an owner operator. However, there are a few things that you should know before jumping in.
You could potentially be working a lot of hours. Pizza is the go-to food for late night parties and a lunch spot for local employees, which means that you need to be open all of those hours. Not only do you need to be open during the meal times, but will you need to be open beforehand to prepare, and after to clean up. If you are going to be operating the store yourself, you could potentially be working 14+ hour days. However, it is fairly easy to train help that can take on a substantial amount of the work load if you so desire. Many pizzerias are run almost completely absentee, but it will eat into your profits.
There is lots of competition. Not only are you competing with other pizza places, you are competing with any similar fast food establishments. There are things you can do to give your company an edge, like providing fast deliveries, sending coupons frequently, and offering unique options that other local places don’t have. With a little creativity and some hard work, you could be the most successful place in the area.
Bookkeeping is fairly simple. Compared to many other companies, a pizzeria is a fairly simple structure. There are food costs, labor, rent, machinery repairs, and possibly some other small expenses, but that’s about it. You get paid right away when somebody picks up their pizza, and you typically pay right away when you buy produce. This can be a great starting point for somebody who is new to owning a business.
Everybody loves pizza. Pizza has been around a long time, and it’s not going anywhere. There are so many variations that you can add to keep your menu fresh, but people are still always going to want a classic pepperoni and cheese as well. You don’t have to worry about your product being a passing fad, or suddenly declining in demand. Even when the economy dips, people are still going to be ordering pizza.
If you love pizza, and you are willing to work the long hours when necessary, a pizzeria could be a great purchase for you. If you work hard, you can be very successful.