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Italian Restaurant & Bar
Location: United States -> Texas -> Dallas County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Prime location high-end Italian restaurant placed in the epicenter of a very affluent area of Central Dallas is available for acquisition. This business was originally established in 2017 by the current owners of the business. Most of the customers are upper-class employees and residents from the surrounding high-rise office complexes as well as the densely populated residential condos that carpet the area.

Net sales of the business fluctuates during their on and off seasons with $140,000-150,000 made on average during their busy season while their off-season for a few months brings on average $60-70,000. This business is placed right next to one-of-the-largest event center in the DFW metroplex that consistently brings immense traffic to this business once events are lined-up for several months. Although there is no marketing done at the current time, other proactive marketing methods will be extremely beneficial as the synergy between the large event center and active marketing efforts in the local area will help this business generate much more cash flow.

Competition is usually expected for any business located near these types of event centers, but there are no competitors within the immediate market that competes with the same type of cuisine as this business which allows this business to dominate the area for Italian cuisine. There are many ways to proactively market this business such as direct mailing, delivery service, catering service, 3rd party delivery service, coupons, event specials and hiring management for the owners to allocate more time to marketing. Both the owners currently work full-time supervising the business and would be benefit greatly by placing management to supervise the business while the owners focus on growing the business further by active marketing tactics. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,597,834
Cash Flow:   $443,767
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2017
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason For Selling:  Retirement




Print Listing Id: 700344373
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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