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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Authentic Italian Restaurant in the Heart of Historic Town
(Restaurants)
Dallas, Texas
Listed Price: $ 269,000
Listing ID: 000859

Listing DetailsDown Payment: $ 134,500
Gross Revenue: $ 419,090
Cash Flow: $ 109,047
FFE: $ 100,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

Owner will provide 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 in the heart of a historic town serving authentic Italian cuisine is available for acquisition. This business was originally established in 2015 and later acquired by the current owner in 2016. Located in a 2,200 SF retail shopping center in the center of a historic town, the area is full of traffic and pedestrians. Few competitors were found within the immediate market area, but those competitors are either solely focusing on fast food pizza concept or non-authentic Italian cuisine while this business provides full-service as well as offers authentic Italian products not available from the competition. The demographic of the customers are predominantly middle to upper class Blue-collar workers who work at construction nearby the business and individuals living in the densely populated residential areas. Net sales average was $35,000-38,000/month that has steadily increased over the last several years of operation with minimal marketing. Some marketing such as 3rd party delivery and In-house delivery service is in place, but other 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. There are many ways to proactively market this business such as direct mailing, social media outlets, door hangers, catering, cocktails, mixed drinks and utilization of a TABC license to sell alcohol. Their menu consists of various appetizers, salads, Stromboli, soups, risotto pastas, chicken entrees, seafood entrees with a choice of protein, NY-style pizza, calzones, and desserts. The business has everything in place to generate much more cash flow as long as a potential buyer proactively markets this business and be fully involved in the day-to-day operations.


Competition:

Competition is expected in this type of industry, but this business is the most authentic Italian restaurant in terms of menu selection and product quality in the immediate marketing area.


Potential Growth:

In-house delivery and 3rd party delivery service is in place, but other proactive marketing methods needs to be utilized to grow the business further. Since 3rd delivery service is already set up, more focus on catering services through 3rd party delivery to the local area will also increase the sales by reaching out to customers within untapped areas of the business.


Financing/Terms:

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


LocationSquare Footage: 2200
Facilities:

This 2,200 SF fully-equipped Italian restaurant is located in the heart of city's historic town that is next to a heavy traffic intersection and residential neighborhoods. All equipment is in impeccable condition and in great working order.


OperationYear Established: 2015
Employees: 2FT/5PT
Absentee Owner: No