Seller's Contact Information
- RE: Established Restaurant With Great R.O.I
- Contact: Joseph Kim
- License #: 567204
Quick Facts
| Asking Price: | $590,000 | |
| Annual Revenue: | $1,309,286 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $397,971 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 14 | |
| BBN Listing #: | 78519188 | |
| Broker Reference #: | 001243 |
Business Overview:
An established Italian Restaurant with over $1,300,000 in revenue and high cash flow is available for acquisition. This restaurant has got it all, great cash flow is established, and qualified buyers can purchase with 20% down. This establishment is situated in a 3,102 sq ft of free-standing building next to the city’s busiest road, with high visibility and ease of access. The restaurant was originally established in 1996 and acquired by the current owner in 2020. This restaurant is situated in a fast-growing area of south Fort Worth and has seen consistent increases in revenue as its established loyal customers spread the good word of its high-quality food to their new neighbors. This restaurant generated a million in sales for 2021 and is on track to generate over 1.3 million for 2022 without any advertisement or marketing and is expected to continue a consistent organic growth as the surrounding areas continue to grow. The Restaurant's menu consists of pasta NY Style Pizza with homemade dough, salads, desserts, sandwiches, and a small bar serving beer and wine. There are few competitors within the immediate area, consisting of chain restaurants. Most customers are individuals and families from the surrounding densely populated residential neighborhoods that have been dining at this establishment for years. Most customers are mid to upper-mid-income individuals and families consisting mostly of Caucasians, while the rest comprise a good mix of diversity. This restaurant is a rare opportunity you do not want to miss out on.
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Property Features and Assets:
This business is located in a 3,102 Square Feet free-standing building next to the city's main road, surrounded by densely populated residential neighborhoods and small retail shops. All equipment is in impeccable condition and great working order. / Inventory: $20,000 (Included in listed price).
Market Competition and Expansion:
Competition: Although there are other restaurants in the area, this establishment offers quality authentic Italian cuisine at competitive prices that chain restaurants have a hard time competing with. Growth and Expansion: This establishment has been growing for almost three decades as the geographic area it serves continues to experience rapid growth. This establishment has generated a million in sales in 2021 and is on track to generate 1,2 million in 2022. As the city continues to develop and grow from the influx of people migrating to the area, the restaurant will be able to grow organically.
Reason for Selling:
Moving
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:
Relevant Links:
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