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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Fast Growing Italian Restaurant with High-end Bar
(Restaurants)
Dallas, Texas
Listed Price: $ 185,000
Listing ID: 000847

Listing DetailsDown Payment: $ 92,500
Gross Revenue: $ 480,000
Cash Flow: $ 95,000
FFE: $ 135,000 (Included in Price)
Inventory: $ 7,000 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location Italian restaurant with fast growing sales and modern interior design is now available for acquisition. This business was originally established early 2018 by the current owner of the business. As a full-service Italian restaurant that was built from ground up in 2018, all equipment and the facility is made with state-of-the-art and top-of-the-line products. The business features a well-built bar that has yet to be utilized and spacious parking lots, and the interior facility is beautifully built as its brand new. Not only does this business offer a variety of quality Italian food such as appetizers, soups, salads, pizza, pasta, calzones, strombolis, hot subs, seafood dishes, veal dishes, house special etc., but it also serves alcoholic beverages which no other competitor does in the immediate market area. Most of the customers are individuals and families from the nearby densely populated residential neighborhoods filled with a large middle-class community of African Americans. Average net sales were $40,000/month over the last several years and have increased each month since its inception without any marketing. Competition is expected for this popular business industry, but most of competitors within the immediate market area solely focus on pizzas while this business is a full-service Italian restaurant that offers handmade cuisines not available from the competition. Pro-active marketing is crucial to the further growth of this business as there are many untapped areas that has yet to be fully utilized to generate more cash flow and customer acquisition. There are many ways to proactively market this business such as direct-mailing, flyers for apartments, social media outlets, catering services, coupons, daily special, 3rd party delivery service and hiring a manager to help the operation of the business especially when the owner is not at the business. This business has done very well with its ground works, poised for next level growth with an owner that has a proven recipe. A potential buyer should be able to realize the growth by getting more involved in the day-to-day business operation and conducting pro-active marketing.


Competition:

Few competitors are found within the immediate market area, but this Italian restaurant is the only one serving alcoholic beverages and has a gorgeous built-interior with a modernized design.


Potential Growth:

Pro-active marketing is needed to grow the sales to full potential since there's no marketing currently done.


Financing/Terms:

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


LocationSquare Footage: 1400
Facilities:

This business is located in a 1,400 SF retail strip center that is anchored by a nationwide grocery placed next to busy intersection and surrounded by densely populated residential neighborhoods and small retail shops. All equipment is brand new (less than 2 years old) and in great working order.


OperationYear Established: 2018
Employees: 8FT
Absentee Owner: No