Seller's Contact Information
- RE: Italian Restaurant With Bar And Patio
- Contact: Kevin Chung
- License #: 567204
Quick Facts
| Asking Price: | $475,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $275,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2021 | |
| Employees: | 10 | |
| BBN Listing #: | 251219188 | |
| Broker Reference #: | 001219 |
Business Overview:
Prime Location Newly Built Italian Restaurant With Bar And Patio
A new fully renovated Italian Restaurant with a full bar and a patio in a prime location is available for acquisition. This restaurant is located in a 2,400 Square Feet space in a mixed-used development surrounded by luxury apartments within walking distance from the establishment. The customer base is predominantly upper-middle-class individuals and families peppered with other minorities with similar social standings. This restaurant was established in 2021 with the current owner investing almost $400,000 for a full build-out with new equipment, and furniture, including a full bar. Ever since its inception the sales have been consistent at $20,000 per week and continue to grow at a consistent rate. This restaurant's flagship dish is its pizzas made with fresh dough and pasta; it also serves appetizers, desserts, salads, wings, and sandwiches. The establishment's potential for growth is one of the best in the market as the establishment continues to acquire new customers as word spreads and the surrounding area continues to develop. The restaurant's full bar is currently under-utilized as alcohol sales make up only 10% of total sales. Proactive advertising to capitalize on the surrounding residential hubs could have a quick and direct impact on sales. The current owner has used Valpak as a form of marketing but much more can be done to reach the full potential of this restaurant such as happy hour, specials for the residents surrounding the restaurant, etc. Event catering to churches or offices is the area that can be promoted to boost revenue.
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Property Features and Assets:
This restaurant is located in a high-end mixed-use development surrounded by luxury apartments in a fast-growing area in South Fort Worth. / Inventory: $15,000 (Included in listed price).
Market Competition and Expansion:
Competition: None in the immediate area Growth and Expansion: There is huge potential for growth as the restaurant is still relatively new and the surrounding areas near the restaurant are in development. The restaurant has a full bar that is currently underutilized as alcohol sales only account for 10%. The restaurant is surrounded by luxury apartments where residents can walk a few steps from their apartment to the restaurant. Since this establishment carries a full TABC license, there is a potential to extend the business hours during the weekend for late-night dining.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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