23 Year Established Italian Restaurant Casual Dining/Delivery

Arlington, TX (Tarrant County)

23 Year Established Italian Restaurant Casual Dining/Delivery
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Asking Price: $249,000

Cash Flow: $69,507

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1996

23 Year Established Italian Restaurant Casual Dining/Delivery

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Business Description

** Price Reduced to $249,000 ** The sale of this successful restaurant with room to grow, could be a significant opportunity for the right restauranteur with marketing ability who will be a full-time owner-operator as is the current owner.

The current operator has a full TABC mixed beverage license; however, this is not taken advantage of to the fullest extent it could be by any stretch of the imagination. Presently serving only a VERY limited selection of beer and wine, the restaurant is missing a huge potential customer base who prefer alcohol or fine wines with their meals.

It has a late hours permit as well – however the restaurant closes early without the full menu of alcohol which would bring in later customer crowd.

Evening business could be substantially higher with the addition of quality wines and mixed beverages, including drinks that would accompany menu items like Tiramasu, just to name one dessert the restaurant is known for.

All menu items are made from scratch. Food purchases are not through the typical average vendors, rather a quality vendor the ownership considers the very best.

Ownership indicates the Customer base is 80%+ Professional employees and families who want quality. Lunch business is practically all professional employees.

20 Tons of HVAC new in 2014.

Ceiling raised in dining area in 2016 with contemporary appearance - exposed ductwork.

Kitchen is large is enough to handle large catering events. The business has prepared a fine menu for up 500 at one time. It has catered employee events and family parties and events as well.

Long term Chef in place.

Financials based on 2018 Tax return.

Real Estate available @ additional cost.

Call or email for the NDA to learn more.

The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Broker Firm for the Business Only: Erin Bonner, Independent Business Transaction Broker/Consultant -Call Erin 214-236-100 or email: Erin@LibertyExchange.com for the NDA: Real Estate Broker for the real property: Erin Bonner, LREB. Same contact info. Texas Law requires licensees to provide the Texas Real Estate Commission Information About Brokerage Services and the Texas Real Estate Commission Consumer Protection Notice – both found at http://www.libertyexchange.com/commercialrealestate.shtml

Detailed Information

Location:
Arlington, TX
Facilities:
Situated in high traffic area of Arlington close to nearby redevelopment area and within the greater city strategic overall plan area. A separate real estate flyer is available as well after the NDA is returned. Business can be purchased with or without the real estate. Approximately 2,584 sq. ft. including 2nd story not utilized.
Competition:
Area is becoming busier and new development has occurred nearby. Known to compete easily with the competition due to its high-quality menu for reasonable prices. Thus the reason many of owner’s customers are repeat. And even the next generation of earlier customers are now enjoying this restaurant.
Growth & Expansion:
Any Marketing in addition to its website could attract a greater customer base. The footprint of the restaurant could be expanded to nearly double the current space and still retain plenty of parking. Mock plans available owner had drawn couple of years ago that included additional seating, a u-bar, and patio seating. Take full advantage of the alcohol license and the late hours permit. Contact Email: erin@libertyexchange.com All advertisements on this website are subject to the terms and conditions in the "Agreement to View Site" section of LibertyExchange.Com. No advertisement on this site in any way constitutes an offer to sell or a solicitation to sell securities or any partial percentage of a business. Statements, figures, and representations contained herein this website are provided by and are the sole responsibility of the business owner. Neither the marketing agents, the disseminating parties, or their agents have verified the truth or the accuracy of any and all information included in this advertisement, nor in any forthcoming business presentation report (including any supplemental information provided by sellers) and deny any responsibility therefor. Neither the marketing agents, the disseminating parties, nor their agents make any warranties or representations expressed or implied. As with any business purchase buyer should seek its own competent independent legal & accounting advice regarding due diligence, offers, closings, leases, etc. Caveat emptor. The purchase of any business carries with it an inherent risk. "Broker" as defined herein this website and by any other means of information distribution, packaging, or any advertising, non-disclosure agreements, fee agreements, etc. shall be defined as follows: Broker is one who finds a business for sale and finds a “Single Buyer” (“Single Buyer” herein defined as one individual, company or group formed by same independently of Broker) to purchase said business; or conversely, finds a business for sale for a Single Buyer, and acts as the representative of one or the other OR acts as a Transactional Intermediary representing neither Buyer or Seller, and with no fiduciary relationship to either. Additionally, a Broker as defined herein is one who acts primarily as the conduit of information between the Buyer and Seller/Owner. Broker does not investigate or perform any due diligence on either buyer or seller and advises all parties to seek their own competent legal, accounting and other expert counsel or consultants. The Broker markets, advertises, collates information provided to Broker by the Parties and/or their Agents. The Broker also may provide limited negotiations and other packaging, marketing, and administrative functions in the transactional selling process. "Business" as herein this website and all advertisements is defined as: 100% of a business and not any partial percentage of a company. "Discretionary Earnings (DE)" as herein any advertisement and within this website shall be defined as follows: Adjusted earnings for one owner's salary, non-recurring expenses, expenses which will go away upon sale (ie. payments on items that will be paid off at Closing, any seller's discretionary expenses not otherwise categorized) and earnings before interest, taxes, depreciation and amortization. Return to Previous Page
Support & Training:
Owner will train for smooth transition.
Reason for Selling:
Moving to Europe, Motivated seller.
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(from currently available funds)
 
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Erin Bonner

Business Listed By:
Erin Bonner

LibertyExchange.com Network

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