23 Years Established Italian Casual Dining/Delivery

Arlington, TX (Tarrant County)

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Asking Price: $279,000

Cash Flow: $69,507

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1996

23 Years Established Italian Casual Dining/Delivery

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Business Description

** Price Reduced to $279,000 ** 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.
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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Sponsoring Broker:
Liberty Exchange.com Various Brokers

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