PROFITABLE ITALIAN RESTAURANT-MOTIVATED SELLER-HUGE PRICE REDUCTION!

Spring, TX (Harris County)

PROFITABLE ITALIAN RESTAURANT-MOTIVATED SELLER-HUGE PRICE REDUCTION!
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Asking Price: $174,500

Cash Flow: $114,309

Gross Revenue: $271,961

EBITDA: N/A

FF&E: $25,000

Inventory: $1,500

Rent: $2,940 /Month

Established: 1983

PROFITABLE ITALIAN RESTAURANT-MOTIVATED SELLER-HUGE PRICE REDUCTION!

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Business Description

This is a family owned and operated Italian restaurant established in 1983 with its authentic Italian family recipes. A true hidden gem located in a busy shopping center with affordable prices and RECORD-LOW RENT! Close to a major freeway and in the vicinity of 5,000+ students and 4 local hospitals all within a few miles or less. The menu offers a variety of authentic Italian dishes including pizza, traditional classic, and unique style pastas, salads, amazing appetizers, fresh bread, and of course the best WINE! There is also a large banquet room that offers endless opportunities for the current and new owner, (see write-up for more details). Equipped with 140+ seats for dining inside and another 25+ seats for patio dining outside as well as ample parking. With its location, REPUTATION, amazing rent, and lease agreement with renewal options available, all its furniture, fixtures and equipment included makes this a GREAT OPPORTUNITY for a buyer seeking a profitable and well-established restaurant with TONS OF INCREASED REVENUE POTENTIAL! This restaurant is a “must see”. It is only up for sale because the owners have decided to RETIRE AND WANT TO DO SO ASAP. VERY MOTIVATED SELLERS SO MAKE AN OFFER! Also, of note is the fact that this Italian restaurant for sale has the capacity to handle increased business. The current owners know that this represents a significant opportunity, but they are ready to retire and pass this opportunity along to someone else. This location has amazing food, long track record, long-time employees, an easy landlord, the capacity to grow, and a fantastic owner benefit of owning a successful restaurant for a great price! If you are looking for a well-established and profitable restaurant for sale with both high sales and high caliber, stop looking now and contact us to learn more!

Attached Documents


Detailed Information

Location:
Spring, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
8/31/2019
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Absolutely!
Financing:
MAKE OFFER!
Support & Training:
YES!
Reason for Selling:
Retirement.
Business Website:
http://www.dellingco.com/listing/profitable-italian-restaurant/
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(from currently available funds)
 
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Terra Wolf

Business Listed By:
Terra Wolf

Del Lingco

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Sponsoring Broker:
Dominick Caravella

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