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Texas Business For Sale |
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| DALLASFORT WORTH CASUAL ITALIAN DINING RESTAURANT |
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| Attn: Jeff Adam, PE, MCBC, FRC, CBB |
| Keller-Southlake-Colleyville Italian |
| Keller-Southlake-Colleyville, TX, USA |
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| Asking Price: |
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$85,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
Year Established: |
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2004 |
| # of Employees: |
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2 full time - 8 part time |
| Yearly Revenues: |
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$300,000 |
| Yearly Cash Flow: |
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$70,000 |
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Business for Sale Overview:
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Italian Casual Dining Restaurant - pizza-pasta-subs-chicken restaurant serving lunch and dinner in the Keller-Southlake-Colleyville area. Current sales are approximately $5,500 - $6,500 per week. Net sales for 2007 are estimated at about $300,000. The owner expects to top $350,000 with minimal effort in 2008. Seller reports that 40%-50% is cash and balance credit cards. Owner to prove all sales and expenses. The business has a loyal following and there is plenty of opportunity to grow this already profitable business. The business is located on a busy main road near business centers, residential developments, golf courses and affluent neighborhoods. The restaurant offers dine-in, take-out, delivery and catering. This is a strong location with excellent potential. The seller will finance a qualified buyer at a price of $120,000 with $60,000 down payment and balance seller financed for up to 5 years at 9%. All Cash Price $85,000.
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Property Features and Assets:
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The 2,536 Square Feet space is in a busy strip center with ample parking leased for $5,200 per month including NNN and water. The 36 month lease starts March 2008. The landlord is willing to offer a long-term lease to a new tenant.
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Market Competition and Expansion:
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This is a strong location with excellent potential. A new owner can continue to grow the business in several ways: 1) Distribute menu flyers at local offices, businesses, schools, churches 2) Add Patio service for Outside dining 3) Promote Call ahead or Fax-in ordering 4) Convert Concept to Fine Dining by adding seafood, steaks, veal and hiring professional staff. 5) Add full-service bar 6) Expand hours.
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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