Popular Restaurant - Great Food / Better Service!!

Victoria County, TX

Popular Restaurant - Great Food / Better Service!!
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Asking Price: $320,000

Cash Flow: $393,504

Gross Revenue: $1,207,257

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2014

Popular Restaurant - Great Food / Better Service!!

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Business Description

Murphy Business Sales of Texas is pleased to list for sale an authentic full service Italian restaurant. They make great Pizza! They have an extensive menu at reasonable prices. Nice ambiance / good service make this a favorite dining spot in Victoria County.

Detailed Information

Location:
Victoria County, TX
Employees:
14 FT/3 PT
Facilities:
They occupy a stand-alone building that is leased. New Roof installed Mid 2019. The restaurant seats approximately 150 people and is nicely decorated and especially clean. Additionally, the parking lot has be resurfaced and new compressor motor for walk in cooler has been installed. The building is 5369 sq. ft. The lease ends / renews Jan 31, 2021. They currently pay $5,995 a month.
Competition:
Olive Garden is in town as is one small Italian restaurant in the mall that mainly serves pizza by the slice. The restaurant is growing each year regardless of nearby competition.
Growth & Expansion:
They are currently closed on Mondays. A buyer could open for an additional day. They have never applied for a liquor license. Typically sales of liquor / beer / wine is around 30% of sales. A buyer would see an uptick in revenue if they had a license and opened the Bar area.
Support & Training:
Will train for 2 weeks @ $0 cost. The majority of their business is done at dinner, lunch is served as well. They have a thriving business in delivery sales. They serve beer and wine and though there is a dedicated “bar area”, they have never applied for a liquor license.
Reason for Selling:
The Owners are moving to a different state & opening a new concept restaurant.
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Richard Gadberry

Business Listed By:
Richard Gadberry

Murphy Business & Financial -N. Texas

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