Fine Dining Italian Restaurant

Not Disclosed, TX
Collin County

North East Dallas


Asking Price: Annual Revenue:
$299,000 $606,630

Food & Beverage: Miscellaneous


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RE: Fine Dining Italian Restaurant Broker: Stephen Lee
License #: 567204

Quick Facts

Asking Price: $299,000
Annual Revenue: $606,630
Net Profit: Not Disclosed
Cash Flow: $119,490
Total Debt: Not Disclosed
FF&E: $325,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 7
BBN Listing #: 522219188
Broker Reference #: 001141

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Business Overview:

A beautiful jack of all trades fine-dining Italian restaurant has been listed for your acquisition. Aside from being an Italian restaurant, this establishment doubles as a full-fledged bar and a café equipped with a study and lounge area. The 4,387 Square Feet space of the mixed-use development is structured where the dining and kitchen area is the first section of the restaurant when walking in the establishment, then the building leads into the bar, then to the café area. The corner on which this end cap establishment is located is an open concept with no proper ‘corner.’ This allows the store sign to be seen from both sides of the building and creates space for ample patio seating. With a clean image and inviting disposition, this North Dallas end cap business is sure to catch the eye. All aspects of the establishment are bright and welcoming. The interior of the building is accented with a playful orange theme, bringing out the overall charm of the establishment.

Customers come to this restaurant to enjoy comforting foods such as appetizers, salads, baked pasta, classic pasta, house specialty entrees, pizzas, calzones, coffee, and other refreshing drinks. Due to the neighboring residential areas, the customer base consists of upper-middle-class individuals, primarily Caucasian. Many curious individuals that commute through the two nearby highways also become patrons of this establishment. Due to many event centers and entertainment options in the vicinity, this restaurant experiences groups of ‘tourists’ coming from shows or events.

Even amidst the pandemic, steady revenue growth has been seen from 2018 to early-2020. In 2021, though the restaurant has only operated during dinner time, this Italian restaurant has still shown a promising growth spurt. A contributing factor is the popularity and demand of delivery services during the pandemic. Many of the hotels and event centers around this establishment become returning customers due to the ease of delivery and event bookings.

Though this establishment has a strong foundation, the level of attention and participation of the newly acquiring owner will ultimately determine the speed at which this business will grow. Ways to improve this restaurant are building a digital presence, utilizing digital marketing, physical door-to-door adverts, promotional catering deals, operating a lunch shift, and utilizing the rarely used patio space for special events.

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Property Features and Assets:

The business is occupied in a 4,387 Square Feet space of a Mixed-use development located in a prime location surrounded by even centers and residential neighborhoods. / Inventory: $8,000 (Included in listed price).

Market Competition and Expansion:

Competition: There is no other authentic Italian restaurant in the immediate market area. While some franchises are nearby, they are not considered a threat due to the quality difference. Growth and Expansion: Some marketing is done, but other methods of proactive marketing and tapping into the catering market is needed to generate more cash flow. Ways to improve this restaurant are building a digital presence, utilizing digital marketing, physical door-to-door adverts, promotional catering deals, operating a lunch shift, and utilizing the rarely used patio space for special events.

Reason for Selling:

The current owner has other businesses that they want

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.

Documents:

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