Traditional Italian Restaurant

Denton County, TX

Traditional Italian Restaurant
Contact Seller

Asking Price: $200,000

Cash Flow: $193,000

Gross Revenue: $1,350,000

EBITDA: N/A

FF&E: $80,000

Inventory: $5,000

Established: 1985

Traditional Italian Restaurant

Save Print Share Valuation Report

Business Description

Prime location high-end Italian restaurant with handmade recipes and known in the area for decades is available for acquisition. This business was originally established over three decades ago by the current owner of the business in 1985. Most of the customers are office employees from the nearby medical facility and families that live in the densely populated residential neighborhoods that carpet the city as the population grows. Net sales average was $1,330,000/year that has increased each year due to active efforts done on social media outlets and 3rd party delivery service. Although some marketing is in place that has actively grown the business over the last several years, other proactive marketing tactics is necessary to allow this business to reach full capacity in sales and customer acquisition. Competition is expected for this popular business industry, but all competitors within the immediate market area solely focus on pizzas while this business is a full-service Italian restaurant that offers handmade cuisines not available from the competition. There are many ways to proactively market this business such as direct mailing, flyers for apartments, better signage, social media outlets, catering services, in-house delivery service and hiring a manager to help the operation of the business. Placing a manager to help the flow of the business will be extremely beneficial in allowing the owner of the business more time allocated to marketing the business and actively increasing the customers that regularly come. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.

Listing ID #000684
For more info, please call Stephen Lee at 1-866-519-2421.

Detailed Information

Location:
Denton County, TX
Inventory:
Included in asking price
Employees:
10FT/15PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 5,200 SF retail strip center that is very easy to spot from the street and is surrounded by many residential areas that is currently utilized for delivery service. All equipment is in impeccable condition and in working order.
Competition:
Few competitors are within the immediate market area, but the competition is solely focused on pizzas rather than full-service Italian restaurant with a variety of main entrees.
Growth & Expansion:
Some marketing is in place through coupons and word of mouth, but other proactive marketing methods needs to be utilized to grow the business 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 the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Focus on other opportunities
Contact Seller

Contact the Seller

Contact Seller Loading

V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

Show Phone Number

View My Listings

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.

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1538963 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Ori'Zaba's Scratch Mexican Grill

Franchise Opportunity In TX
Cash Required: $230,000