Decade Long Established Italian Restaurant in Prime Location

Collin County, TX

Decade Long Established Italian Restaurant in Prime Location
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Asking Price: $199,000

Cash Flow: $95,000

Gross Revenue: $480,000

EBITDA: N/A

FF&E: $100,000

Inventory: $5,000

Established: 2007

Decade Long Established Italian Restaurant in Prime Location

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Business Description

Well established Italian Restaurant placed in a prime location of a fast growing city is available for acquisition. This business was originally established over a decade ago in 2007 and was later acquired by the current owner of the business in 2015. Most of the customers are Caucasian individuals living in the surrounding densely populated residential neighborhoods and traffic from the major highway that is placed next to the business. Gross sales average is $37,000/month that has been consistent over the last several years of operation without any marketing done other than word of mouth and their online website. Although their online website bring $3,000-4,000/month in online delivery/pick-up sales, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the untapped areas in the city. Competition can be expected for this industry, but this business has established them in the local area the longest and has a fantastic relationship within the local community. There are many ways to proactively market this business such as direct mailing, family meal, 3rd party delivery service, TABC License and social media outlets. The construction on the road next to the business will be complete soon and will bring much more traffic to this business after completion. This business is perfect for any potential buyer that wishes to grow the business through active involvement and marketing in the local area.

Listing ID #000897
For more info, please call Stephen Lee at 1-866-519-2421.

Detailed Information

Location:
Collin County, TX
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 3,000 SF space of a retail strip center placed right next to a major highway. All resident within the local area uses this major highway to travel which brings consistent exposure for this business.
Competition:
Few competitors are within the immediate market area, but this business has been established in the area for the longest and has a wonderful reputation within the local community.
Growth & Expansion:
Some marketing is in place through word of mouth and the online website, but other proactive marketing methods needs to be in place for this business to grow further.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide sufficient training to make the transition seamless as possible.
Reason for Selling:
Other Opportunities/Burnt Out
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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide 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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