Award Winning Upscale Italian Restaurant in Tarrant County #1908

Fort Worth, TX (Tarrant County)

Award Winning Upscale Italian Restaurant in Tarrant County #1908

Asking Price:$598,000

Cash Flow:$252,126

Gross Revenue:$1,550,132

EBITDA:$252,126

FF&E:$100,000

Inventory:$5,000

Real Estate:N/A

Established:2007

Award Winning Upscale Italian Restaurant in Tarrant County #1908

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Business Description

Award winning Italian restaurants available for purchase. A fresh and appetizing menu offering pizza, pasta, panini, calzone and a luscious list of desserts. Currently run by an absentee owner. Alcohol is served at both locations. This family friendly, upscale restaurant serves traditional Italian comfort food with a twist. The freshest of ingredients are prepared the way Grandma did in the old country. The staff are highly skilled, experienced and provide excellent services to each and every customer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
45
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Both locations are well kept. The owner consistently reinvest in improvements to keep the facility top notch.
Competition:
Fort Worth is a very competitive market, with multiple restaurants in the area. However, with a large university and business population, there is room for substantial growth. Roanoke is less competitive, and located on a very popular, up and coming main street. A large condominium complex is being built next to the Roanoke location within short walk.
Growth & Expansion:
Both locations benefit from a very dense dinner crowd. There would be opportunity to grow the lunch crowd and put those profits directly to the bottom line. The current owner is now marketing lunch specials that will bring the crowd in and a new owner can benefit from those advertising efforts.
Support & Training:
Seller will provide training as needed for the new owner.
Reason for Selling:
Travel

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Gateway Mergers & Acquisitions

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