Traditional Italian Restaurant

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Asking Price:
$200,000

Gross Revenue:
$1,350,000
Cash Flow:
$193,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$80,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Prime location high-end Italian restaurant with handmade recipes and known in the area for decades is available for acquisition. This business was originally established over three decades ago by the current owner of the business in 1985. Most of the customers are office employees from the nearby medical facility and families that live in the densely populated residential neighborhoods that carpet the city as the population grows. Net sales average was $1,330,000/year that has increased each year due to active efforts done on social media outlets and 3rd party delivery service. Although some marketing is in place that has actively grown the business over the last several years, other proactive marketing tactics is necessary to allow this business to reach full capacity in sales and customer acquisition. Competition is expected for this popular business industry, but all competitors within the immediate market area solely focus on pizzas while this business is a full-service Italian restaurant that offers handmade cuisines not available from the competition. There are many ways to proactively market this business such as direct mailing, flyers for apartments, better signage, social media outlets, catering services, in-house delivery service and hiring a manager to help the operation of the business. Placing a manager to help the flow of the business will be extremely beneficial in allowing the owner of the business more time allocated to marketing the business and actively increasing the customers that regularly come. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.

Listing ID #000684
For more info, please call Stephen Lee at 1-866-519-2421.

About the Business

Location:
Denton County, Texas
Year Established:
1985
Number of Employees:
10FT/15PT
Facilities:
This business is located in a 5,200 SF retail strip center that is very easy to spot from the street and is surrounded by many residential areas that is currently utilized for delivery service. All equipment is in impeccable condition and in working order.
Market Outlook/
Competition:
Few competitors are within the immediate market area, but the competition is solely focused on pizzas rather than full-service Italian restaurant with a variety of main entrees.
Growth & Expansion:
Some marketing is in place through coupons and word of mouth, but other proactive marketing methods needs to be utilized to grow the business further.
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About the Sale

Reason For Selling:
Focus on other opportunities
Training/Support:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Seller Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1538963
Ad Detail Views:
178

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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U.S. Census Data for Denton County, TX
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Denton 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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