Italian Restaurant for Sale near Austin with $325,000 in Owner Benefit

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Italian Restaurant for Sale near Austin with $325,000 in Owner Benefit!
Asking Price:
$950,000

Gross Revenue:
$1,213,081
Cash Flow:
$325,321
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Very high cash flow Italian restaurant for sale. Earnings of $325,000 is SBA-loan eligible! Located on the main street of a town near Austin, Texas that year after year is one of the fastest growing cities in the nation.
Amazing Italian restaurant for sale, has everything you could be looking for as a buyer: Very high cash flow and over 10 years in business. A fantastic location with a parking lot, and wonderful landlords. This profitable location is SBA eligible! With only 20% down, you could be the next owner-operator!
This Italian restaurant for sale offered by We Sell Restaurants was the culmination of a life in food service, and it shows. The food is delicious and impeccable. The location itself has a fantastic atmosphere and a firm place in the community. It is only up for sale because the founding owners have decided to retire. In fact, crucially for a new buyer, they have already semi-retired and are no longer consistently at the store, or even consistently in the country.
When they are active in the store, the owners work a combined 20 - 30 hours a week, much of it bookkeeping and administrative. The Italian restaurant for sale has a great full-time manager who has been with the business from the beginning. And many of the other employees are long-term as well, so there will be a lot of institutional knowledge going forward. This means that the new owner will not be trying to replace a manager and run the business on a day-to-day basis, but will instead have the much less taxing job that the current owners have created for themselves.
This is a large Italian restaurant for sale in its own building. The location is fantastic, right on the main traffic artery through the town. It is the kind of institution that locals see as part of their daily lives. Also, it is less than two miles off the main highway, and it has a parking lot right out front!
There is seating for an ample 136 patrons inside and another 25 on the patio. When they first opened, the owners were going to renovate an existing building on the property, but in the end they decided that to make it perfect, they had to build from scratch. As a result, the new owner will inherit a fantastic buildout in a space custom-made for this Italian restaurant for sale.
This also means that the current owners will remain the landlords, which is a significant positive for any potential buyer. They have a large vested interest in keeping this Italian restaurant for sale thriving for years to come. Negotiations with landlords are notoriously intense, especially as rents have risen in the Austin area, so having the owners of the location also be the landlords eliminates a contentious pitfall in the path to a successful sale.
Also of note is the fact that this Italian restaurant for sale has the capacity to handle increased business. Some locations with high revenue have essentially maxed-out their throughput, but this is not the case here, despite the excellent current revenue numbers. The current owners know that this represents a significant opportunity, but they are ready to retire and pass this opportunity along to someone else.
Owning this Italian restaurant for sale would be very profitable, there is no doubt of that. But there is another dimension to this, it is a business to be proud of. Many online reviewers call it their favorite place to eat. It is the kind of place that you can recommend to your friends and be confident that they will thank you later.
This is truly a superlative listing. This location has amazing food, a great location, a long track record, increasing sales, long-time employees, an easy landlord, the capacity to grow, and a fantastic owner benefit of $325,000. If you are looking for an Italian restaurant for sale with both high sales and high caliber, stop looking now and contact us to learn more.

About the Business

Location:
Georgetown, Texas
Year Established:
2008
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
3,800
Rent:
$10,982.00 Per Month
Facilities:
2 Gas Pizza Owens stow with 10 burners with 2 ovens stow with 6 burners with 1 oven grill flat Grill fryer Walk-in Freezer walk-in refrigerator Dish Washer Sink and table for Dishwasher 3 component sinks for dishes sink for vegetables small fridge for wine small fridge for coctels cooler for five kegs beer 2 microwaves 4 line sandwiches prep refrigerators 1 refrigerator 2 panini Grills Big Mixer 50 lb for bread pizza dough Ice machine Softener Soda machine 5 prep tables coffee machine ice tea machine
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Highest rated Italian restaurant in town with a highly visible location
Growth & Expansion:
Well known local brand - could easily expand into other markets
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About the Sale

Reason For Selling:
Retirement
Training/Support:
1 week

Listing Info

ID:
1513925
Ad Detail Views:
486

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Business Listed by

Dave Duce

We Sell Restaurants

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

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

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U.S. Community Survey Data for Williamson County, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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