MergerPlace

Decade Long Established Italian Restaura

Far Northeast Dallas, Texas (Collin)


  • Asking Price: $179,000
  • Gross Income: $480,000
  • Cash Flow: $95,000
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $100,000
  • Listing ID: #216767
  • Established: 2007
  • Employees:

Business Description

Office ID: #000897

Well established Italian Restaurant placed in a prime location of a fast growing city in Far Northeast Dallas is available for acquisition. This business was originally established over a decade ago in 2007 and was later acquired by the current owner of the business in 2015. Most of the customers are Caucasian individuals living in the surrounding densely populated residential neighborhoods and traffic from the major highway that is placed next to the business. Gross sales average is $37,000/month that has been consistent over the last several years of operation without any marketing done other than word of mouth and their online website. Although their online website bring $3,000-4,000/month in online delivery/pick-up sales, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the untapped areas in the city. Competition can be expected for this industry, but this business has established them in the local area the longest and has a fantastic relationship within the local community. There are many ways to proactively market this business such as direct mailing, family meal, 3rd party delivery service, TABC License and social media outlets. The construction on the road next to the business will be complete soon and will bring much more traffic to this business after completion. This business is perfect for any potential buyer that wishes to grow the business through active involvement and marketing in the local area.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Far Northeast Dallas
County: Collin

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $179,000
Gross Revenue: $480,000
Cash Flow: $95,000
FF&E: $100,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

This business is located in a 3,000 SF space of a retail strip center placed right next to a major highway. All resident within the local area uses this major highway to travel which brings consistent exposure for this business.

Growth & expansion opportunities:

Some marketing is in place through word of mouth and the online website, but other proactive marketing methods needs to be in place for this business to grow further.

Competition:

Few competitors are within the immediate market area, but this business has been established in the area for the longest and has a wonderful reputation within the local community.

Reason for selling:

Other Opportunities/Burnt Out

Support & Training:

The owner of the business will provide sufficient training to make the transition seamless as possible.

Contact Business Seller

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Business Listed By:

V-AID Group

www.v-aidgroup.com