MergerPlace

Popular Restaurant - Great Food / Better

Texas (Victoria)


  • Asking Price: $340,000
  • Gross Income: $1,207,257
  • Cash Flow: $393,504
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214899
  • Established: 2014
  • Employees: 14 FT/ 3 PT

Business Description

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.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
County: Victoria

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14 FT/ 3 PT

Financial Information

Asking Price: $340,000
Gross Revenue: $1,207,257
Cash Flow: $393,504
Seller Financing Available: No

Property Information

Facilities:

They occupy a stand-alone building that is leased. The restaurant seats approximately 150 people and is nicely decorated and especially clean. The building is 5369 sq. ft. The lease ends / renews Jan 31, 2021. They currently pay $5,995 a month.

Growth & expansion opportunities:

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.

Competition:

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.

Reason for selling:

The Owners are moving to a different state and opening a new concept restaurant.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Richard Gadberry

Murphy Business Brokers