Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Authentic Made to Order From Scratch Family Style Italian Restaurant
(Restaurants)
Tarrant, Texas
Listed Price: $ 250,000
Listing ID: 000848

Listing DetailsDown Payment: $ 75,000
Gross Revenue: $ 613,323
Cash Flow: $ 182,698
FFE: $ 100,000 (Included in Price)
Inventory: $ 4,000
Reason for Sale:

Burned Out


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Well established family style made from scratch authentic Italian Restaurant is available for acquisition. This business was established by the current owner in 2002 and the sales have been consistent at $50,000/month with minimal marketing and solely on return customers and word of mouth. This business is located in a 2,150 SF retail strip end cap anchored by a nationwide grocery chain and heavily surrounded my single family homes in all directions. The building itself is relatively old, but the owner has kept the business very clean and presentable and majority of the major kitchen equipment have been replaced with brand new within last few years. The customers consist of well mix of demographics and majority of the customers are lower income individuals and families from nearby homes and businesses. Competition is expected for this type of business and there are several fast food restaurants in the immediate area, but they all are indirect competitors as this business is full service dine in restaurant that serves authentic from scratch made to order food at very inexpensive price without compromising portion and quality. This business serves wide variety of menu including appetizers, salads, hot and cold subs, signature pizzas and pastas, full entree menu including kids menu and desserts and is BYOB. This business offers all you can eat pasta for $3.99 and $5.99 lunch specials and this marketing tactic has brought back many new customers and has loyal and return customers keeping coming back for this unbeatable special. There are few things the owner is not doing to increase overall revenue and fully reach its financial potential. Currently, there is minimal marketing being done other than its own website and limited social media outlet. The potential buyer could be more proactive on online and social media outlet presence to attain new customers and also offer in-house delivery or utilize third party delivery services to expand its awareness to the untapped area in the city. There has been request for delivery services, but the owners simply do not have energy or desire to at this point. Although it is BYOB, the potential buyer may obtain TABC license and sell alcohol and this will have immediate effect in overall revenue. This business is well established, has good reputation, and has everything in place for a new buyer to be successful and reach is full financial potential that could be more proactive in marketing and willing to introduce delivery service.


Competition:

There are several fast food restaurants in the immediate area but are all indirect competitors as this business is a full service restaurant with full menu and have been in the location for 15+ years.


Potential Growth:

Currently, the business only has its website and does not do any delivery at all. If the potential buyer introduces in-house delivery or any third party delivery service and is more proactive in social media marketing as well as traditional marketing such as flyers and coupons etc., the business should generate much more revenue. Also, this business is currently BYOB and if potential buyers obtains TABC license to sell alcohol, this also should have positive impact on overall sales.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers.


LocationSquare Footage: 2150
Facilities:

This business is located in a 2,150 SF retail strip center in the end cap anchored by nationwide grocery store which generates tremendous foot traffic. This business is also located in an intersection heavily surrounded by single family homes in all directions. All major kitchen equipment is in excellent condition as majority of them have been replaced within last few years.


OperationYear Established: 2002
Employees: 3FT/7PT
Absentee Owner: No