Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Long Established Italian Restaurant with Consistent Sales History
(Restaurants)
Tarrant, Texas
Listed Price: $ 165,000
Listing ID: 000830

Listing DetailsDown Payment: $ 82,500
Gross Revenue: $ 481,083
Cash Flow: $ 99,733
FFE: $ 100,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide substantial training for a smooth transition into the business operation.


Listing SummaryBusiness Description:

Prime location mom & pop Italian restaurant placed in a fast growing city next to a major highway is available for acquisition. This business was originally established almost two decades ago in 2001 and was acquired in 2016 by the current owner of the business. Most of the customers are upper-class Caucasian families and blue collar workers from the surrounding densely populated residential neighborhoods as well as nearby construction developments. Many of the residents in the local area are retired upper-class individuals whom live with their families and are next to a medical building that bring immense traffic. Gross sales are $455,000/year that has been consistent over the last several years of operation without much marketing done other than delivery service and word of mouth. Although the delivery service has provided ample customer retention, other forms of active marketing needs to be in place for this business to further expand their sales and increase customer acquisition rate from the surrounding local areas. There are many ways for this business to be proactively marketing in present time such as direct mailing, social media outlets, 3rd party delivery services, catering service, print ADs, coupons and family meal bundles. Due to the rise in developments in the local area, marketing will be crucial for this business to truly expand upon their sales and realize the full potential capacity this business can handle. This business is fantastic for any potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

Few competitors are within the immediate market area, but they're all corporate chains that cater to their own demographic that can't compare to homemade traditional mom & pop Italian recipes.


Potential Growth:

Some marketing is done through word of mouth and through their delivery service, but other proactive marketing is needed to further grow the business and acquire new customers.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2500
Facilities:

This business is located in a 2,500 SF space of a retail strip center surrounded by numerous retail businesses and a road connected to a major highway. All equipment is well maintained and is in immaculate condition.


OperationYear Established: 2001
Employees: 3FT/1PT
Absentee Owner: No