Authentic Classic Modern Italian Grill & Pizza #000082

Fort Worth, TX (Tarrant County)

Authentic Classic Modern Italian Grill & Pizza #000082

Asking Price:$235,000

Cash Flow:$140,372

Gross Revenue:$536,610

EBITDA:N/A

FF&E:$75,000

Inventory:$3,000

Established:2011

Authentic Classic Modern Italian Grill & Pizza #000082

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Business Description

Modern Authentic Italian Grill & Pizza restaurant in Tarrant County well-known throughout the nearby hospitals, office buildings, and the new developing areas is available for acquisition. Established in 2011 and acquired in 2012 by the current owner of the business. The interior of the restaurant was built to provide a comforting family dining experience with a fantastic menu to accommodate for the home-style atmosphere. Few competitors are within the immediate market area, but since 2012 the sales are rising and the business is becoming known in the local area. The sales from 2013 - 2015 has stayed consistently at $580,000/year to $660,000/year in gross sales. From an outsourced catering business, the restaurant provides the products for the catering business and in-return gives a portion of the sales to the restaurant. Catering sales running around $45,000-$55,000 is all revenue and if catering is provided from the main restaurant, the sales will grow drastically. There's no marketing except word of mouth, but with proactive marketing through Valpak and SNS will provide a great increase in overall sales. Products such Italian house specialty pizza, appetizers, chicken, veal, pasta, seafood, and a variety of native Italian cuisine are available. This high cash flow establishment with reasonable on rent is fantastic business to acquire.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
3FT/4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in 3,000 SF near most known Hospitals and medical buildings in Tarrant County.
Competition:
2 direct competitions are 2 to 3 miles radius in the area but sales has been strong and was never affected by competition but instead sales been arising steady through 2011-2015.
Growth & Expansion:
Right now this Italian restaurant owner does not advertise, only word of mouth. There are huge potential in sales by adverting and delivery services on close by area for lunch. Giving discounts for hospitals, medical buildings and other offices employees nearby will help generate new customers. Also, Group-on and other online advertisement company will help untapped first timer to this good review Italian restaurant.
Financing:
100% cash at Closing or 50% SBA Financing with 50% cash down for qualified buyer.
Support & Training:
Owner will train for smooth transition of 3weeks
Reason for Selling:
Other opportunities

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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