Italian Restaurant for Sale is Priced to move PLUS Owner Financing

Conroe, TX (Montgomery County)

Seller Financing Available
We Sell Restaurants - Texas Restaurant Brokers
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Asking Price: $120,000

Cash Flow: $80,256

Gross Revenue: $342,130

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,836 /Month

Established: 2013

Italian Restaurant for Sale is Priced to move PLUS Owner Financing

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Business Description

This Italian Restaurant for sale in Conroe, Texas is real money maker! Owner Operator will take home roughly $80,000. Priced to move quickly as the seller is relocating out of state! Potential for owner financing for qualified buyer! Bring your offers!
Buy this Italian restaurant for sale in fast-developing Conroe Texas that is delivering cash flow to the semi-absentee owner of $80,000 over the last twelve month period. The seller needs to relocate, and his loss is your gain on this listing priced to move. In business for 6 years and owned by the current operator for over three years, this location has won "Best Italian Restaurant" and "Best Pizza" in Montgomery County!
Contact We Sell Restaurants to make this amazing location yours Perfectly situated at a major intersection, just off the highway on the way to Lake Conroe, a huge draw in the area. Any car going to this destination passes this highly visible Italian restaurant for sale. The business draws not only locals but also the strong tourist population coming to and from the Lake.
The business has great food and all the fantastic recipes will pass to the next owner. The pictures and reviews are mouth-watering, and the lasagna is a standout. There is always room for the family! This 3,120 square foot Italian restaurant for sale has seating for nearly 100 customers, in a combination of booth, chair, and stool arrangements. The decor includes one fantastic feature wall at this Italian Restaurant for sale.
The current owner works for about 20 - 30 hours a week. A true owner / operator who was working full-time and serving in the management capacity may increase their cash flow by another $30,000 per year.
Rent, including CAMS (plus signage and water bills) comes to $5,040 per month. The Italian restaurant for sale has a full commercial kitchen with grease trap and 14' hood.
Tremendous opportunity at this Italian Restaurant for sale as Conroe was literally the Number 1 the fastest growing large city (over 50,000) in the country in 2015 and has shown little sign of slowing since. In fact, right near where this business is located, there is yet another huge commercial and residential development currently under construction. Conroe still has land ripe for development, and its proximity to Houston ensures that the area will continue to grow quickly. In other words, not only is this business profitable now, but it is poised for increased growth and earnings in the short and long term.
This Italian restaurant for sale is large, visible, has good rent, has a full commercial kitchen with all permits, and is TABC-approved. Keep this concept or convert to something new. This Italian restaurant for sale is priced to sell.
The current owners have an opportunity to move back to their hometown of New Orleans. Their asking multiple is intentionally low for a quick sale. Buy this Italian restaurant for sale, become the manager, and you have a growing six-figure income. Not to mention, you are your own boss!

Detailed Information

Location:
Conroe, TX
Real Estate:
Leased
Building SF:
3,120
Lease Expiration:
3/31/2020
Employees:
5
Facilities:
7 Wood Square Tables 4x4 18 Wood Rectangle Tables 4x2 40 Wood Matching Chairs 5 two person Single Booths 11 four person Double Booths Custom Built 12x6 Bar 4 months old 8 Matching Bar Stools Iron Mountain 54in Back Beverage Cooler 3 Door IceOMatic 336lb Ice Machine owned 4 42in Television 3 in lobby 1 in kitchen 18in Television office Traulsen 66in Pizza Prep Station 2 door with overhead storage shelf Delfield 66in Prep Table 6 drawer with overhead storage shelf Radiance 6 burner gas stove Radiance 4 burner gas stove Double Pizza Oven 60x36 Chef Supreme Full Size Upright Holding Cabinet Warmer with glass door Hobart Dough Bread Mixer Migali salad bar table 48in 2 six ft Bread Rack Thermo Rigid Walk in Cooler Thermo Rigid Walk in Freezer American Range 2 Basket Fryer Newair 6 rack Wine Chiller 3 compartment sink 4 ft tall wood host station 4 High Chair and Booster Seats respectively Waiting Area Wrought Iron Bench Slate Top Waiting Area table 8x6 Work table POS Technology storage Ipad and in ceiling Sound System with bass tube 4 Wine Beer Display Wall Racks holds 16 wines or 20 beers each for display purpose Auto Chlor Dishwasher commercial lease 2 reach in Coca Cola Coolers leased 8 head Coca Cola fountain machine leased Office desk and 4 drawer cabinet in the office Stainless Work Table 24x60 Stainless Work Table 24x48 Misc Shelving Necessary Smallware to operate the restaurant comfortably 40 pictures sign artwork decorative figurines etc
Competition:
There is some competition in the market as always with restaurants but nothing close to saturation In addition this community is growing in a nearly unprecedented fashion bringing both new residents and more visitors each year
Growth & Expansion:
This Italian restaurant could serve as an expansion for an existing Italian brand especially one with an existing presence in the Houston area
Support & Training:
1 week
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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Robin Gagnon

Business Listed By:
Robin Gagnon

We Sell Restaurants

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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. 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. Indicates membership in The Georgia Association of Business Brokers (GABB).


Sponsoring Broker:
Eric Gagnon

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