Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a quick service Italian restaurant that has served the Texas Christian University (TCU) area of in Fort Worth, Texas, for the past 8 years. The business offers delicious, pizzas, pasta and assorted Italian dishes from a self-serve counter. The business is very simple and can be operated with a minimum number of staff. The business offers BYOB dine-in or takeout quality food to a local, repeat customer base of families, students, on-the-go businessmen and small businesses. The owner feels that an English-speaking owner will have several growth opportunities. The business was founded 8 years ago as a quick serve Italian pizza and pasta restaurant. Customers loved the food and convenience and the business grew quickly. The business continued to prosper by serving a consistent, quality food to the busy neighborhood of families, college/high school students, employees and businesses. The business was purchased by the current owner in 2008. While the business has built a catering business from start-up, the owner’s English-language skills have caused some challenges with catering accounts .PRICE $150k ALL-CASH
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 space consists of 2,000 Square Feet with a nice L shape dining room. Kitchen area contains great work space, approximately 10x14 walk in cooler and reach-in freezer, prep area, dry storage and 3 compartment sink. There is a food display case used for sales and front counter and 2 restrooms in the hall. The facility is well-designed and functional.Base rent is approximately $3592.90 and the lease expires approximately March 31, 2012. The seller reports that the landlord wishes to have a long term lease with the new owner.
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: Hands-on Owner/operation; Owner enthusiastic about TCU college sports and life; Promote catering TCU; Recapture Pascal High School catering (200 pizzas/day); Target Local advertising and marketing; Promote catering to local businesses, sports organizations and schools; Direct mail surrounding apartments and neighborhoods using mail list ; Add Beer and wine; Owner who speaks good English
Reason for Selling:
Seller plans to purchaser larger restaurant closer
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.