Profitable Turn-Key Italian Restaurant & Pizzeria

Germantown, TN (Shelby County)

Italian Restaurant and Pizzeria for Sale
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Asking Price: $325,000

Cash Flow: $142,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $160,000

Inventory: $7,500

Rent: $10,383.33 /Month

Established: 2007

Profitable Turn-Key Italian Restaurant & Pizzeria

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Business Description

Aggressively Priced. Great Location. Increasing Sales.

Own a profitable, turn-key restaurant in Germantown, TN for well below the cost of a start-up. Well established in the area for over 10 years, fully staffed making this a great opportunity for a new owner. Great menu - serving handcrafted Italian dishes and New York Style pizza. This restaurant is part of a well noted franchise company that is highly rated in Entrepreneur Magazine, Nation's Restaurant News and others.

Located at a prime intersection in a high-end residential area, and close to several large employers to support four revenue streams: lunch, dinner, take-out, and catering. Inside seating capacity is 150, and there is a beautiful outdoor patio that seats 40. The restaurant is ideally designed to operate as a full service restaurant in the spacious dining room and on the patio, and will also accommodate efficient fast-casual service. In addition to a full menu of Italian cuisine, the restaurant is licensed for wine and beer.

Revenues are increasing and a solid marketing plan is in place to support continued growth. Relationships have been established with International Paper, FedEx, ThyssenKrupp, and other local businesses, and an online service partnership has been established to boost a significant upside potential in the catering business. Restaurant staff has been fully trained by Corporate resources and operations are running smoothly, making this a great acquisition for the new owner.

In addition to significant upside potential at this location, there is also opportunity for expansion with multi-unit ownership with this brand in Memphis and surround markets. This would be a great location to utilize facilities and staff as a hub to train for additional restaurants.

Contact me for more information about this opportunity.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,984
Lease Expiration:
6/1/2028
Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5000 sq. ft. restaurant with 2000+ sq. ft. patio. 9+ years remaining on current lease. Much of the kitchen equipment has been recently replaced.
Competition:
10+ years in current location. Upscale menu items make this a nice venue for the whole family.
Growth & Expansion:
This location has upside potential, and the franchisor is open to multi-unit ownership in the Memphis market as well as other cities.
Support & Training:
Full training from the franchise corporate team, and the owner is willing to train/assist the new owner during a transition period.
Reason for Selling:
Relocating
Franchise:
This business is an established franchise
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Business Listed By:
Chris Ollis

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