SOLD – Pizza and Pasta Restaurant with Real Estate
Business Description
19-Year pizza & pasta restaurant in a prime location close to a well-known university in East Fort Worth is now available for acquisition. The business was originally established 19 years ago in 2001 by the previous owner and was acquired in 2017 by the current owner of the business. The current owner remodeled the restaurant in 2017. This business in a 2,812 SF of the freestanding building is located in a hard corner on the busy intersection, which is a couple of blocks away from the well-known university of a city. This university reportedly has over 42,000 students, which attracts tremendous traffics to the area. This business has served delicious and various menu items for almost 2 decades that can range from appetizers, salads, Neapolitan style pizzas, pasta, stuffed pizzas, stromboli & calzone, hot/cold subs, etc. Competition is expected for this type of business industry, but this business has built a strong customer base for 19 years which consists of many regular loyal customers while also having been established much longer than any competitors in the area. Overall demographics of this pizzeria are mostly middle-class individuals in various ethnic groups from the surrounding densely populated residential neighborhoods and lots of students from a nearby renowned university. Currently, minimal to no marketing is in place by the current owner, but proactive marketing methods such as launching a business website, social media outlets presence, email marketing, direct mailing, web-based advertisements, expanding 3rd party delivery service provider, etc. are needed to be fully utilized to achieve maximum income potential. With its prime location and strong product line, coupled with those pro-active marketing and new owner’s active involvement in day to day operation will possibly bring the sales up by double-digit rate every year considering the current sales are achieved only thru word of mouth. This 19-year established pizzeria is looking for an energetic, creative entrepreneur who can take this legacy of this restaurant to the next level.
