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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Well-built Italian Restaurant Established for 10 Years
(Restaurants)
Tarrant, Texas
Listed Price: $ 279,000
Listing ID: 000935

Listing DetailsDown Payment: $ 220,000
Gross Revenue: $ 619,000
Cash Flow: $ 130,000
FFE: $ 100,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Burnt out


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:

Authentic Italian restaurant in Forth Worth with a strong customer base that has been built for 10 years of operation is available for acquisition. The business was originally established a decade ago in 2009 and was later acquired by the current owner of the business in 2017. This business occupies a 2,500 SF space of retail strip center that is located nearby the major highway of a city and is surrounded by densely populated residential neighborhoods. Most of the customers are families coming from nearby densely populated residential neighborhoods. Competition is expected for any Italian restaurant, but this business has been established in the area for a decade accumulating a loyal customer base that has lots of returning customers compared to the competition. This authentic Italian restaurant offers a great variety of quality Italian food with over 80 menu items such as appetizers, salads, soups & sides, seafood entrees, pasta entrees with a choice of protein, pizza, special pizza, hot subs, chicken entrees, veal entrees, hamburgers, child's menu, hot rolls (calzones, strombolli) and desserts & drinks that is superior to other Italian restaurant in the area in terms of high-quality products and reasonable price point. Gross sales have been $40K-50K per month that has been consistent over the last several years of operation without any pro-active marketing except thru the website and a word of mouth. Although no marketing is in place other than its website, various marketing tactics need to be utilized, such as more online and social media outlet presence, direct marketing, coupons, daily special, senior discounts, 3rd party delivery etc. to acquire new customers in the untapped parts of the area. Marketing efforts on catering service to schools, companies, public agencies, etc. can also greatly improve the sales as catering business has remained untapped by the current owner. A potential buyer operating this business full-time along with proactive marketing tactics is what this business needs to truly reach full potential and operate at maximum capacity.


Competition:

Few competitors are within the immediate market area, but this business has established itself in the area and the sales have been consistent over the last several years.


Potential Growth:

There is no marketing done ate the current time.


Financing/Terms:

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


LocationSquare Footage: 2500
Facilities:

The business is located in a 2,500 SF space of a retail strip center nearby major highway of a city and is surrounded by densely populated residential neighborhoods.


OperationYear Established: 2009
Employees: 3FT
Absentee Owner: Yes