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Businesses For Sale   >>   Dallas Businesses For Sale   

Elegant Italian Restaurant - Bar

Location  Dallas, Texas, United States
Asking Price Range  < $250K
Gross Revenues  $380000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  6 - 9
Inventory  88000
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 provide business marketing and management training to a buyer for 2 weeks included in the purchase price.
Reason for Sale  Travel

Description  
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, an authentic Italian restaurant-bar featuring home-made Italian dishes. Located in an affluent North Dallas neighborhood, the restaurant is situated in a busy strip center with major anchors. Family-owned and absentee operated, the restaurant serves delicious, fresh Italian food with renowned signature dishes. The restaurant is well-rated on Yelp, Trip Advisor, Google, . The current owners are successful entrepreneurs but without food service experience. They have struggled with the business and recognize the need for an experienced restauranteur. The business is being operated by the manager. Seller reports that sales are typically 25% cash - 75% credit cards and 90% food - 10% beverage. Catering is typically $750-1,000/month. SIGNIFICANT improvement can be made by an experienced operator. The asking price for the assets of the business is $75,000 ALL-CASH or $100,000 with $40,000 down and $60,000 seller-financed to a qualified purchaser for 5 years at 8%, monthly payments of approximately $1,216.59/month. NOTE: ALL REASONABLE OFFERS WILL BE CONSIDERED! The assets include inventory at cost of $8,000 and FFE (Furniture, Fixtures and Equipment) valued at $80,000. Purchaser will need to assume dishwasher lease ~$325/month.


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