Popular Restaurant - Great Food / Better Service!!

Not Disclosed, TX
Victoria County

Asking Price: Annual Revenue:
$320,000 $1,207,257

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Restaurant - Great Food / Better Service!! Broker: Richard Gadberry

Quick Facts

Asking Price: $320,000
Annual Revenue: $1,207,257
Net Profit: Not Disclosed
Cash Flow: $393,504
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 17
BBN Listing #: 54334955
Broker Reference #: 6001-15039

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Business Overview:

Murphy Business Sales of Texas is pleased to list for sale an authentic full service Italian restaurant. They make great Pizza! They have an extensive menu at reasonable prices. Nice ambiance / good service make this a favorite dining spot in Victoria County.

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Property Features and Assets:

They occupy a stand-alone building that is leased. New Roof installed Mid 2019. The restaurant seats approximately 150 people and is nicely decorated and especially clean. Additionally, the parking lot has be resurfaced and new compressor motor for walk in cooler has been installed. The building is 5369 sq. ft. The lease ends / renews Jan 31, 2021. They currently pay $5,995 a month.

Market Competition and Expansion:

Olive Garden is in town as is one small Italian restaurant in the mall that mainly serves pizza by the slice. The restaurant is growing each year regardless of nearby competition. They are currently closed on Mondays. A buyer could open for an additional day. They have never applied for a liquor license. Typically sales of liquor / beer / wine is around 30% of sales. A buyer would see an uptick in revenue if they had a license and opened the Bar area.

Reason for Selling:

Owners are 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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