Established Pizza Pasta Del Takeout Post COVID-19

Arlington, TX
Tarrant County


Asking Price: Annual Revenue:
$279,000 $434,712

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established Pizza Pasta Del Takeout Post COVID-19 Broker: Erin Bonner

Quick Facts

Asking Price: $279,000
Annual Revenue: $434,712
Net Profit: Not Disclosed
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Mid-Southwest U
Year Established: 2000
Employees: Not Disclosed
BBN Listing #: 59116076
Broker Reference #: EB1204E

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Business Overview:

The sale of this successful restaurant with room to grow, could be a significant opportunity for the right restauranteur with marketing ability who will be a full-time owner-operator as is the current owner.

The current operator has a full TABC mixed beverage license; however, this is not taken advantage of to the fullest extent it could be by any stretch of the imagination. Presently serving only a VERY limited selection of beer and wine, the restaurant is missing a huge potential customer base who prefer alcohol or fine wines with their meals.

It has a late hours permit as well – however the restaurant closes early without the full menu of alcohol which would bring in later customer crowd.

All menu items are made from scratch. Food purchases are not through the typical average vendors, rather a quality vendor the ownership considers the very best.

Ownership indicates the Customer base is 80%+ Professional employees and families who want quality. Lunch business is practically all professional employees.

20 Tons of HVAC new in 2014.

Ceiling raised in dining area in 2016 with contemporary appearance - exposed ductwork.

Kitchen is large is enough to handle large catering events. The business has prepared a fine menu for up 500 at one time. It has catered employee events and family parties and events as well.

Long term Chef in place. SINCE COVID-19, the Chef has been managing the restaurant and the owner has been absentee. The business at this point has been strictly delivery and take out due to COVID-19. And they utilize their own contract drivers versus delivery cos. Owner said they are still doing a decent business without sit down, and it could be the new ownership would want to maintain as delivery and take out only and maybe even convert it to a Catering and delivery business versus sit down.

(All other descriptive verbiage in this advertisement applies to PRE- COVID)

Financials based on 2018 Tax return. =SDE of $117,507.* (Note that lease rate for buyer will be somewhat higher than what seller paying his corp., which would reduce the DE for a buyer – and would be approx. $90k versus 117K – the exact difference depending on whether or not the new lease will be a straight term of even base rents, or will be a stairstep lease if buyer prefers – owner is somewhat negotiable on lease structure. 2019 INFO forthcoming.

PRIME REAL ESTATE available in addition to the business. at +/- 33,000 SF OF LAND with room to add another 2000-2200 sf of dining, with patio and still retain plenty of parking.

Owner will train for a smooth transition.

Call or email for the NDA to learn more.

The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Broker Firm for the Business Only: Erin Bonner, Independent Business Transaction Broker/Consultant -Call or email Erin for the NDA: Real Estate Broker for the real property: Erin Bonner, LREB. Same contact info. Texas Law requires licensees to provide the Texas Real Estate Commission Information About Brokerage Services and the Texas Real Estate Commission Consumer Protection Notice.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Situated in high traffic area of Arlington close to nearby redevelopment area and within the greater city strategic overall plan area. A separate real estate flyer is available as well after the NDA is returned. Business can be purchased with or without the real estate. Approximately 2,584 square feet including small 2nd story not utilized. Dining area remodeled in 2016.

Market Competition and Expansion:

Area is becoming busier and new development has occurred nearby. Known to compete easily with the competition due to its high-quality menu for reasonable prices. Thus the reason many of owner’s customers are repeat. And even the next generation of earlier customers are now enjoying this restaurant. GROWTH POTENTIAL & EXPANSION - Any Marketing in addition to its website could attract a greater customer base. The footprint of the restaurant could be expanded to nearly double the current space and still retain plenty of parking. Mock plans available owner had drawn couple of years ago that included additional seating, a u-bar, and patio seating. Take full advantage of the alcohol license and the late hours permit. A DELIVERY SVC SUCH AS DOOR DASH COULD BE ADDED versus in house delivery for more exposure.

Reason for Selling:

Moving

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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