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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Decade Long Established Italian Restaurant in Prime Location
(Restaurants)
Collin, Texas
Listed Price: $ 179,000
Listing ID: 000897

Listing DetailsDown Payment: $ 89,500
Gross Revenue: $ 480,000
Cash Flow: $ 95,000
FFE: $ 100,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Other Opportunities/Burnt Out


Training & Support:

The owner of the business will provide sufficient training to make the transition seamless as possible.


Listing SummaryBusiness Description:

Well established Italian Restaurant placed in a prime location of a fast growing city is available for acquisition. This business was originally established over a decade ago in 2007 and was later acquired by the current owner of the business in 2015. Most of the customers are Caucasian individuals living in the surrounding densely populated residential neighborhoods and traffic from the major highway that is placed next to the business. Gross sales average is $37,000/month that has been consistent over the last several years of operation without any marketing done other than word of mouth and their online website. Although their online website bring $3,000-4,000/month in online delivery/pick-up sales, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the untapped areas in the city. Competition can be expected for this industry, but this business has established them in the local area the longest and has a fantastic relationship within the local community. There are many ways to proactively market this business such as direct mailing, family meal, 3rd party delivery service, TABC License and social media outlets. The construction on the road next to the business will be complete soon and will bring much more traffic to this business after completion. This business is perfect for any potential buyer that wishes to grow the business through active involvement and marketing in the local area.


Competition:

Few competitors are within the immediate market area, but this business has been established in the area for the longest and has a wonderful reputation within the local community.


Potential Growth:

Some marketing is in place through word of mouth and the online website, but other proactive marketing methods needs to be in place for this business to grow further.


Financing/Terms:

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


LocationSquare Footage: 3000
Facilities:

This business is located in a 3,000 SF space of a retail strip center placed right next to a major highway. All resident within the local area uses this major highway to travel which brings consistent exposure for this business.


OperationYear Established: 2007
Absentee Owner: No