Elegant Italian Cuisine Cafe with Property Available in Aggieland!

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Elegant Italian Cuisine Cafe with Property Available in Aggieland!
Asking Price:
$1,600,000

Gross Revenue:
$600,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$140,000
included in asking price

Real Estate:
$1,100,000
included in asking price

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Business Description

This Italian cuisine restaurant is a classic, family owned Italian café within the Bryan/College Station, TX area that serves the highest quality homemade pizza, pasta, and more. The Romanesque open-garden patio gives restaurant a beautiful, serene atmosphere.

The owner has been operating at this current location for approximately 15 years now. Previously, the owner began operations in Houston, TX in 1960 by establishing and operating one of the original, well renowned Italian styled restaurants in town, until selling it in 2004.

This business employs 4 people full-time and also employs Texas A&M University students as wait/bus/kitchen staff on a part-time basis at this single location in the general vicinity of the university campus. This business primarily operates in the Italian/Pizza Restaurants business / industry within the Eating and Drinking Places sector.

NOTICE:
* Gross Revenue shown is an estimate for the fiscal year 2017.
* Gross Revenue, Inventory, and FF&E are approximate as provided by the seller. Certified financial statements are available upon meeting with owner onsite for a meet-and-greet.
* All information, data, financials, valuations, appraisals, real estate values/leases, etc. must be verified by both the seller's and buyer’s own professional advisors.
* Potential buyers should always verify all information with the seller and their own independent advisors before putting any money at risk.
* Owner will offer buyer a 5 + 5 year lease term option, with an option to buy at the end of 10 years if desired.
* Non-Disclosure Agreement (NDA) is required. The seller’s financial data is confidential and will only be disclosed to qualified buyers with a signed NDA in place. Please contact us for the required NDA form to sign. Thanks!

About the Business

Year Established:
2003
Number of Employees:
4 FT
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
3,658
Facilities:
Typical Italian styled restaurant equipment is in place. Everything is in excellent condition, including the building's refrigeration and A/C system.
Website:
www.tworld.com/locations/collegestation/
Market Outlook/
Competition:
This particular restaurant is perhaps the most popular of the Italian style restaurants in the Bryan/College Station area due to its nice ambiance, moderate prices, and excellent food. It also has established a lot of goodwill within the Bryan/College Station community at large through the efforts of the seller and his family.
Growth & Expansion:
The seller estimates that the restaurant's annual gross revenue can double with the right buyer in place who is energetic, motivated, and willing to work hard as a hands-on operator/manager. Currently the restaurant is open to the public for only 38 hours a week, as it operates from 11:00 am to 2:00 pm on Tuesday thru Sunday for lunch, 5:00 pm to 9:00 pm on Tuesday thru Saturday for dinner, and is closed on Sunday evening and all day Monday. A new owner/operator could conceivably double the restaurant's annual gross revenue by operating it for longer hours (e.g., 11:00 am to 10:00 pm) each day, up to 7 days a week.
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About the Sale

Reason For Selling:
Owner wants to sell this profitable business to pursue leisurely activities.
Training/Support:
Seller is willing to train/mentor the buyer in order to ensure a smooth transition to the new operations. The kitchen is staffed by several long-term employees who will help make any turn-key transition as smooth as possible for the buyer.
Seller Financing:
Will finance with 40% down, or lease for 5 + 5 years, with option to buy at end term.

Listing Info

ID:
1461196
Ad Detail Views:
2597

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Business Listed by

Larry Fry, MBA

Transworld Business Advisors at Bryan/College Station

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U.S. Census Data for Brazos County, TX
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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