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Italian Restaurant For Sale
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $120000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2004
Number of Employees 4 - 5
Inventory 120000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 1 month seller training after close.
Reason for Sale Seller moving back to home country.
Description Just listed! Huge 6 year old fantastic mom & pop Italian restaurant in growing southwest Dallas Texas suburb! Price--$155,000 with $45,000 owner financing to qualified buyer(s) only! $10,000/month net! Buyer comes up with $110,000 ($27,500 down + $82,500 bank loan)! Equipment in this restaurant is worth more than that! Serious buyers only!
This one has it all-- pizza delivery, future beer & wine sales potential, $3,000+/month in tips to working couple replacing just 1 waitress, much lower rent potential for buyer as new lease will be highly negotiable, more sales potential as large shopping center fills with tenants over the next 2-3 years, more sales thru mailing/delivering pizza coupons to large surrounding community (something seller is currently not doing), etc.
Restaurant is almost 4,000 sq. ft. In size and seating more than 150 diners! It's sales are down compared to 2007 & 2008, when it averaged over $50,000/month, due to the depressed overall us economy. However, when the us economy picks up in 2011 and beyond, the new owner(s) will be poised for huge increases in sales and profits!
Interested buyer candidates will have to fill out, sign, date, and return a blank buyer confidentiality agreement that we at ecoveauction will provide you before seller will release anymore detailed data on this restaurant.
Reason for selling--seller is moving overseas back to home country and absolutely will not run this restaurant long distance from 5,000 miles away!
Note: the information herein was furnished by the seller.
Email or call John at 213-283-6737 or 424-204-5920 for more information on this restaurant for sale.
Click Here To Contact Seller
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