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Businesses For Sale   >>   Texas Businesses For Sale

Full Service Italian Restaurant & Bar

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $400000
Net Profit / Cash Flow  $40000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2013
Number of Employees  6 - 9
Inventory  64500
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The seller wishes to ensure a seamless transition with a purchaser. The seller will train a buyer for 2 weeks included in the purchase price. The seller will remain for a longer period at mutually agreed compensation if desired by a purchaser.
Reason for Sale  Health.

Description  
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a full-service Italian Restaurant Bar in a strip center on a busy road in Flower Mound, Texas. Family-owned and operated, the restaurant serves delicious, fresh Italian food to Flower Mound and the surrounding areas. The menu consists of a wide variety of Italian foods: pizzas, soups, salads, appetizers, hot subs and chicken, veal or seafood entrees. The restaurant is well-rated and respected in the neighborhood and has a good chef. The seller has good records and can prove all numbers to a qualified buyer. Many growth opportunities exist for a hands-on owner-operator due to major activity generators within the immediate area including: 1) Lake Grapevine, 2) Estimated daily car count ~60,000+ TXDOT, per owner, 3) New housing/business development opening less than 1 mile to the south, 4) Surrounding businesses, 5) Surrounding neighborhoods, 6) New housing subdivision within 3 miles to the north. The asking price for the assets of the business is $89000 ALL-CASH. The assets include inventory at cost of $4,500 and FFE (Furniture, Fixtures and Equipment) valued at $60,000. Purchaser will need to assume dishwasher lease ~$119/month, Ice maker ~$ 110/month and Bar Cooler ~$115/month.


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