MergerPlace

FIRE SALE - Family Style Italian Restaur

Fort Worth, Texas (Tarrant)


  • Asking Price: $45,000
  • Gross Income: $613,323
  • Cash Flow: $149,948
  • Real Estate: Not Disclosed
  • Inventory: $4,000
  • FF&E: $100,000
  • Listing ID: #216212
  • Established: 2002
  • Employees: 3FT/7PT

Business Description

Office ID: #000848

FIRE SALE DUE TO THE OWNER'S HEALTH PROBLEMS

Well established family style made from scratch authentic Italian Restaurant in Fort Worth is available for acquisition. This business was established by the current owner in 2002 and the sales have been consistent at $50,000/month with minimal marketing and solely on return customers and word of mouth. This business is located in a 2,150 SF retail strip end cap anchored by a nationwide grocery chain and heavily surrounded by single-family homes in all directions. The building itself is relatively old, but the owner has kept the business very clean and presentable and the majority of the major kitchen equipment has been replaced with brand new within the last few years. The customers consist of well mix of demographics and the majority of the customers are lower-income individuals and families from nearby homes and businesses. Competition is expected for this type of business and there are several fast-food restaurants in the immediate area, but they all are indirect competitors as this business is a full-service dine-in restaurant that serves authentic from scratch made to order food at a very inexpensive price without compromising portion and quality. This business serves a wide variety of menu including appetizers, salads, hot and cold subs, signature pizzas and pasta, full entree menu including kids menu and desserts, and is BYOB. This business offers all you can eat pasta for $3.99 and $5.99 lunch specials and this marketing tactic has brought back many new customers and has loyal and return customers keeping coming back for this unbeatable special. There are a few things the owner is not doing to increase overall revenue and fully reach its financial potential. Currently, there is minimal marketing being done other than its own website and limited social media outlet. The potential buyer could be more proactive on online and social media outlet presence to attain new customers and also offer in-house delivery or utilize third party delivery services to expand its awareness to the untapped area in the city. There has been a request for delivery services, but the owners simply do not have energy or desire to at this point. Although it is BYOB, the potential buyer may obtain a TABC license and sell alcohol and this will have an immediate effect on overall revenue. Despite the pandemic, lack of delivery, and even with limited dine-in, this business is generating approximately $30,000-$32,000/month and is still very profitable. This business is well established, has a good reputation, and has everything in place for a new buyer to be successful and reach its full financial potential that could be more proactive in marketing and willing to introduce delivery service.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Fort Worth
County: Tarrant

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3FT/7PT

Financial Information

Asking Price: $45,000
Gross Revenue: $613,323
Cash Flow: $149,948
FF&E: $100,000
Inventory: $4,000
Seller Financing Available: No

Property Information

Facilities:

This business is located in a 2,150 SF retail strip center in the end cap anchored by nationwide grocery store which generates tremendous foot traffic. This business is also located in an intersection heavily surrounded by single family homes in all directions. All major kitchen equipment is in excellent condition as majority of them have been replaced within last few years.

Growth & expansion opportunities:

Currently, the business only has its website and does not do any delivery at all. If the potential buyer introduces in-house delivery or any third party delivery service and is more proactive in social media marketing as well as traditional marketing such as flyers and coupons etc., the business should generate much more revenue. Also, this business is currently BYOB and if potential buyers obtains TABC license to sell alcohol, this also should have positive impact on overall sales.

Competition:

There are several fast food restaurants in the immediate area but are all indirect competitors as this business is a full service restaurant with full menu and have been in the location for 15+ years.

Reason for selling:

Major Health Problems

Support & Training:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.

Contact Business Seller

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Business Listed By:

V-AID Group

www.v-aidgroup.com