Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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High Volume Pasta & Pizza Italian Restaurant
(Restaurants)
Kaufman, Texas
Listed Price: $ 450,000
Listing ID: 001008

Listing DetailsDown Payment: $ 67,500
Gross Revenue: $ 786,571
Cash Flow: $ 220,809
FFE: $ 75,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

The owner just opened another restaurant close to his residence, spreading himself too thin.


Training & Support:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

An authentic Italian restaurant in a fast-growing city in the Southeast area of Dallas that serves home-made Italian cuisine by dine-in, delivery, and to-go is now available for acquisition. The business was originally established in 1998 by the previous owner and was later acquired in 2017 by the current owner. This Italian restaurant is located in the hub of a fast-growing city in Southeast Dallas and is highly visible from the major street that has tremendous traffics and surrounded by national retail businesses that attract a number of people to the area. Various menu items provided at this authentic Italian restaurant range from appetizers, specialty pizza, calzone, stromboli, subs & burgers, home-baked pasta, house specialties, chicken, veal, seafood, salads, soup, desserts, kid's menu, and alcoholic beverages. Most of the customers are middle to upper-class individuals and families from nearby densely populated residential neighborhoods, and the restaurant has accumulated a solid repeat customer base for the 22 years of operation. There are several franchise pizza chains in the immediate market area, but there is no authentic Italian restaurant comparable to this business in terms of quality and services. The gross sales of this Italian restaurant have been consistently growing in a double-digit rate over the last several years, with over $915K in the most recent fiscal year. Sales decreased during April 2020 due to COVID-19, but currently, the loss from COVID-19 has already been recovered by about 95% of the normal level. Presently, some online marketing is in place through the website and social media outlet. But, more offline marketing methods such as direct mailing, door hanger, flyers, etc. need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. This well-established authentic Italian restaurant is ready for a potential buyer who can be actively involved in business operations while marketing to grow the business to the next level.


Competition:

No direct competitor is within the immediate market area that can compete in terms of quality and service.


Potential Growth:

Some online marketing is in place, but other offline marketing methods need to be utilized to generate more revenue.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 2400
Facilities:

The business is occupied in a 2,400 SF space of a retail strip center located in a prime location surrounded by retail areas and residential neighborhoods. Major equipment is less than 3 years old and is in great working order.


OperationYear Established: 1998
Employees: 9FT/4PT
Absentee Owner: No