Business For Sale

Business Overview:

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well established dual concept Italian restaurant-bar. The restaurant offers a buffet pizza quick service lunch concept which in the evening changes to a full service Italian dining and bar. Situated in the heart of downtown Dallas with easy access to desirable condos, offices and business spaces, this restaurant is accessible to patrons till 2:00 am in the bar and until 4:00 am take out and delivery pizza and pasta. The sidewalk patio is also very popular with patrons. This restaurant enjoys a well established clientele among the neighborhoods and businesses in the area. It enjoys a excellent lunch, dinner and late night business. The asking price for the assets of the business is $475,000 all-cash or $535,000 with $320,000 down and $215,000 seller-financed at 8% for five (5) years approximately $4,359 per month). The assets include inventory at cost of $4,000 and FF&E (Furniture, Fixtures and Equipment) valued at $70,000.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

The building consists of approximately 2,500 Square Feet with a large seating area, street side patio seating, buffet line, full bar setup, two bathrooms, office, prep area, large walk in cooler and a well-arranged cooking line. Seating approximately 160. The restaurant occupies approximately 2,500 Square Feet end cap leased for $4420.42 per month through April 2019

Market Competition and Expansion:

This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Full time personal, hands-on management, 2) Increase local advertising, 3) Promote lunch business to local offices , 4) Expand catering, 5) Expand takeout, 6) Expand use of delivery

Reason for Selling:

family

Additional Details: