Business For Sale

Neighborhood Italian Restaurant #000659

Not Disclosed, TX
Dallas County

North Dallas

Asking Price: Annual Revenue:
$75,000 $508,051

Food & Beverage: Miscellaneous

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RE: Neighborhood Italian Restaurant #000659 Broker: Moon Kim
License #: 567204

Quick Facts

Asking Price: $75,000
Annual Revenue: $508,051
Net Profit: Not Disclosed
Cash Flow: $41,336
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 12
BBN Listing #: 106019188
Broker Reference #: 000659

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Business Overview:

Authentic Italian restaurant in North Dallas with strong customer base build for over a decade is available for acquisition. This business was originally established in 2003 and was later acquired by the current owner of the business in 2012. Competition is expected for any Italian restaurant as it's a popular industry, but this restaurant has been established for over a decade with strong products that has a competitive price point that other competitors can't compete against. Ever since the owner has acquired the business, he has built an online delivery system starting from 2012 and delivery accounts for more than 16-17% of the total sales which is significantly higher than any independent Italian restaurant. Also, the business is anchored by a nationwide grocery chain in the same strip center which provides a steady rate of customers to the area. All customers whether new or regular form a well-mix of all generations of individuals and families from the nearby neighborhoods. Majority of the customers are regulars that have been built over the last decade of operation including a steady rate of new customer coming in every month. The most recent sales average is $30,000 - $33,000 a month which can be increased with more owner involvement and proactive marketing. Although the owner of the business uses many 3rd party delivery services to market this Italian restaurant to the nearby areas, more local marketing is needed directly from the owner to truly increase overall sales. Many sources of local marketing is available such as door hangers, Valpak, direct mailing, local newspaper ADs, social media, and loyalty card since many of the customers are already regulars. Their menu consists of various appetizers, salads, soups, pasta entrees with a choice of protein, NY-style pizza, hot subs, cold sandwiches, calzones, and desserts. This business can generate more sales with the right Buyer that can operate this business full-time while proactively marketing to the local area.

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Property Features and Assets:

This business is located in a 2,742 Square Feet retail shopping center anchored by a nationwide grocery store including a fully equipped kitchen utilizing all necessary space. All equipment is in impeccable condition and in working order. This retail center is anchored by nationwide grocery chain and has national retailer and restaurant chain as tenants. / Inventory: $2,500 (Included in listed price).

Market Competition and Expansion:

Competition: Several competitors are within the immediate market area which is unavoidable for this particular industry, but the strong products of this Italian restaurant with a fantastic price point on many items has brought consistent sales to this business. / Growth and Expansion: No marketing is done other than online marketing through 3rd party delivery services. Proactive marketing is needed in the local area to truly increase sales.

Reason for Selling:

Retirement/Health Concerns.

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.

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