Owner Financing is Available!
Business Overview:
11 year established Italian restaurant located in a fast growing city of Collin county is now available for sale. This 5,500 square feet gorgeous restaurant serves authentic and traditional Italian dishes to its customers. Monthly sales have been averaging between $40,000 and $45,000 and this is an interesting feat considering that this sales was accomplished only through word of mouth without doing any advertising. Since opened in 2000, this restaurant has accumulated a strong customer base that ranges from business customers and neighborhood customers. This is a great opportunity to acquire a well-established Italian restaurant with a strong customer base.
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:
Occupied in a 5,500 square feet of retail strip center which is visible from the busy street. The restaurant has a private party room that can accommodate up to 25 people.
• Furniture, fixture and equipment: $120,000 (Included in listed price).
• Inventory: $2,000 (Included in listed price).
Market Competition and Expansion:
• Competition: 1 direct competitor, but they are relatively very small in size of the restaurant and sales volume.
• Growth and Expansion: Even though the restaurant has a bar, but currently the current owner is not using it. Getting a liquor license and starting the bar will increase business. Also pro-active marketing is needed to grow business as none of marketing is being done by the current owner.
Reason for Selling:
Family concern
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.