Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, an Italian grill and bar centrally located within central Arlington Texas, serving pizzas and pasta in a family atmosphere to local residents. Established 15 years ago, the business has a reputation for quality pasta and pizza with great service. The business is located in a busy strip center. The restaurant was opened in March 1995 by an experienced restaurant operator. He quickly developed a strong local following. The footage was expanded and relocated to the current location in January 2007, allowing catering of parties in a separate dining section. The owner has not recently promoted or advertised the business in any meaningful way. Seller to prove all sales and expenses. Price $310,000: $150,000 down and balance seller-financed to qualified buyer at 8% for 5 years, approximately $3,244 per month.
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 business occupies a approximately 5,000 Square Feet end cap, in a centrally located strip center on busy road. Base rent is approximately $6,200 including CAM. The dining area has a large seating area surrounding a corner bar. This creates an open concept floor plan overlooking the kitchen area. There is a separate room for regular seating or parties, a small game room for the kids, and two restrooms. The kitchen is efficiently laid out and easy to operate, with separate prep and storage areas, and a approximately 7x12 walk-in cooler. Seats 200 includes 15 bar stools
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) More manager presence with a new energy level 2) Promote catering and parties 3) Revitalize the advertising market 4) With personal touch, develop customer base 5) When new high school opens, promote school business
Reason for Selling:
Semi-Retirement
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.
- This is not a distressed business or bankruptcy situation.