13-Year Established Neighborhood Italian Restaurant #000372

Dallas, TX (Dallas County)

13-Year Established Neighborhood Italian Restaurant #000372

Asking Price:$139,000

Cash Flow:$82,161

Gross Revenue:$573,391

EBITDA:N/A

FF&E:$50,000

Inventory:$3,000

Lease Rate:N/A /SF

Established:2003

13-Year Established Neighborhood Italian Restaurant #000372

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Business Description

Authentic Italian restaurant in North Dallas with strong customer base build for over a decade is available for acquisition. This business was originally established in 2003 and was later acquired by the current owner of the business in 2012. Competition is expected for any Italian restaurant as it's a popular industry, but this restaurant has been established for over a decade with strong products that has a competitive price point that other competitors can't compete against. Ever since the owner has acquired the business, he has built an online delivery system starting from 2012 and delivery accounts for more than 20% of the total sales which is significantly higher than any independent Italian restaurant. Also, the business is anchored by a nationwide grocery chain in the same strip center which provides a steady rate of customers to the area. All customers whether new or regular form a well-mix of all generations of individuals and families from the nearby neighborhoods. Majority of the customers are regulars that have been built over the last decade of operation including a steady rate of new customer coming in every month. Sales average over the last few years was $620,000 - $650,000/year with a slight growth every year of operation which can be increased with more owner involvement and proactive marketing. Although the owner of the business uses many 3rd party delivery services to market this Italian restaurant to the nearby areas, more local marketing is needed directly from the owner to truly increase overall sales. Many sources of local marketing is available such as door hangers, Valpak, direct mailing, local newspaper ADs, social media, and loyalty card since many of the customers are already regulars. Their menu consists of various appetizers, salads, soups, pasta entrees with a choice of protein, NY-style pizza, hot subs, cold sandwiches, calzones, and desserts. This business can generate more sales with the right Buyer that can operate this business full-time while proactively marketing to the local area.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
5FT/7PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 2,742 SF retail shopping center anchored by a nationwide grocery store including a fully equipped kitchen utilizing all necessary space. All equipment is in impeccable condition and in working order. This retail center is anchored by nationwide grocery chain and has national retailer and restaurant chain as tenants.
Competition:
Several competitors are within the immediate market area which is unavoidable for this particular industry, but the strong products of this Italian restaurant with a fantastic price point on many items has brought consistent sales to this business.
Growth & Expansion:
No marketing is done other than online marketing through 3rd party delivery services. Proactive marketing is needed in the local area to truly increase sales.
Financing:
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide all necessary training during the transitioning period into the business operation.
Reason for Selling:
Retirement/Health Concerns

Listing Statistics for Premium Members

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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. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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