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Absentee Upscale Italian Restaurant In Texas For Sale

Texas, US
Asking Price:
$895,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$929,167 (USD)
Cash Flow:
$230,000 (USD)

230K SDE Owner Absentee Upscale Italian Restaurant!

Pandemic Proof! This seven-year-old upscale Italian Cafe is a consistent moneymaker and is owner-absentee! Over the past four years, the restaurant has averaged $925k in annual sales. Located less than an hour from Dallas, the venue is a 6300 square foot free-standing building. It was custom built by the owner, an experienced and successful restauranteur with multiple successful restaurants to his credit. The property has excellent signage including a billboard with neon lighting on site. It seats 330 guests, has a fully equipped bar with flat-screen TVs, a private party/meeting room, and an outdoor patio. With an experienced staff, a strong GM, excellent customer reviews and little to no competition, this turn-key business is a great strategic acquisition opportunity.

Property Information

Location:

Free Standing Building - Seller will rent building to Buyer

Business Operation

Competition / Market:

Top Ranked Restaurant on travel websites! With a number of fast-casual restaurants in the area, this is one of only TWO upscale full-service restaurants in the area.

Reasons for selling:

retirement

Trading hours:

M-Closed T- 11am-10pm W - 11am-10pm T- 11am - 10pm F -11am-11pm S -11am-11pm S - 11am-10pm

Employees:
12
Years established:
2013

Other Information

Furniture / Fixtures value:
$130,152 (USD) - included in the asking price

Contact Transworld Business Advisors of North DFW

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