Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC, offers for your ownership
consideration, a classic Italian restaurant with high end decor and
food offerings developed to excite the palate. The restaurant
was opened in 1984 and the owners have owned and operated
this fine restaurant for 26 yrs maintaining a the beauty all this
time. They want to retire after a successful run, and bring in
someone to continue the long standing reputation with a new
energy level. This restaurant needs a NEW CHEF with NEW IDEAS to update food and decor. This is a great opportunity to serve
fine food in the Irving- Dallas market. The business occupies ~6201 SQ SF in a high rise building in Irving. The lease is $1500 month, but is currently under negotiation. Market rate is probably $4000-6000. The asking price for the
assets of the business is $125,000 including inventory at cost of
$8,000 and FFE (Furniture, Fixtures and Equipment) of $120,000.
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 business occupies approximately 6,201 Square Feet in a high rise building in Irving. The lease is $1,500 month, expires July 31 2010 and is currently under negotiation. The Purchaser will need to assume the following service: 1) Dishwasher lease approximately $93.13 per month.
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:
Promote the business with advertising
With personal touch, develop customer base with local business
Convention center will open the end of this year or next
Project Water street starts
Promote to 6,000 apartments
Expand the bar business
New energy level
Additional Details:
- The property is leased.
- The owner is not 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.