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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Prime location Italian Restaurant perfect for Small Family
(Restaurants)
Dallas, Texas
Listed Price: $ 69,000
Listing ID: 000860

Listing DetailsDown Payment: $ 34,500
Gross Revenue: $ 400,000
Cash Flow: $ 40,000
FFE: $ 60,000 (Included in Price)
Inventory: $ 3,500 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

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


Listing SummaryBusiness Description:

Authentic Italian restaurant in North Dallas with a strong customer base that has been built for over 15 years of operation is available for acquisition. The business was originally established over a decade ago in 2003 and was later acquired by the current owner of the business in 2018. Located in a 2,742 SF space of a retail strip center, this business is anchored by a nationwide grocery chain and is surrounded by many densely populated residential areas. Quite a few competitors were found in the immediate market area, but this business has long been established in the area for over 15 years accumulating a loyal customer base with their strong menu items that has a competitive price point compared to the other competitors. Majority of the customers are local families and individuals coming from the surrounding neighborhoods as well as the retail businesses next to the business. The nationwide grocery chain in the same strip center also provides a steady rate of customers to the area unlike other retail strips nearby the business. All customers whether new or regular form a well-mix of all generations of individuals and families from the nearby neighborhoods. The most recent gross sales of this full-service Italian restaurant has been running at around $33,000/month without any marketing done locally or online. Proactive 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, social media outlets, delivery service, 3rd party delivery service, door hangers, cocktails, mixed drinks and utilization of a TABC license to sell alcohol. This fully-equipped Italian restaurant just installed a brand new pizza prep table made of high quality materials and other equipment that is top-of-line within the industry. Their menu consists of various appetizers, salads, soups, pasta entrees with a choice of protein, NY-style pizza, hot subs, cold sandwiches, calzones, and desserts. This business is well suitable for those who want to run this business as a small family business, and 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:

Several competitors are within the immediate market area which is unavoidable for this particular industry, but the strong products of this Italian restaurant along with their strong relation with the community are a huge competitive advantage.


Potential Growth:

No marketing is done other than online marketing through 3rd party delivery services and word of mouth. Proactive marketing is needed in the local area to truly increase sales.


Financing/Terms:

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


LocationSquare Footage: 2742
Facilities:

This business is located in a 2,742 SF retail shopping center anchored by a nationwide grocery store including a fully equipped kitchen utilizing all necessary space. All equipment is in impeccable condition and in working order including a new pizza prep table.


OperationYear Established: 2003
Employees: 3FT/3PT
Absentee Owner: No