Northern Italian Restaurant - Fine Dining
Location Texas,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1400000
Net Profit / Cash Flow $195000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 35 - 49
Inventory 200000
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training Owners offer consulting services to enthusiastic new owner.
Reason for Sale Health reasons.
Description Northern Italian Continental Restaurant, Fine Dining, Wine & Beer Permit & Real Estate All For Sale for $3,500,000. Well established family owned restaurant offering Northern Italian Cuisine, homemade desserts (on premise pastry chef), fresh seafood dishes & the largest wine list in West Texas. Upscale restaurant offers menu items priced from $14.00-$38.95: traditional pastas, entrees, Veal Marsala, Rib-Eye Florentine & Chicken Parmigiana. Popular specials are Dover Sole in champagne sauce & Tenderloin Au Poivre. Incredible wine list of 250+ labels has wine priced from $22.95 to $600.00. Customers dine on oak shaded patios or inside near the Italian style fireplace. Below the octagonal shaped roof, 14ft ceilings enclose beautiful plants, columns, Tuscan style motifs & the feeling of a fountain centered piazza. April to November the main northeast patio is open for outdoor dining. Reservations recommended often months in advance for weekends, large & small special events including New Year's Eve, Mother's Day, weddings, rehearsal dinners & large buffets. Superb romantic atmosphere yet popular for business & pharmaceutical meetings. Entire restaurant seats 250. There are 3 inside dining areas, wine room, 2 patios, 2 service rooms, office, kitchen, rotisserie, pizza oven, 2 storage rooms, garage & 4 bathrooms. Real Estate is valued at approx. $2,000,000. Centrally located 7000sq.ft facility in North Midland, West Texas in a busy shopping plaza. Restaurant is a free standing building, built in 1959 as a plant nursery & surrounded by Live, Burr Oaks & Pecan Trees. This prestigious area hosts another upscale shopping center, community theater, private schools, & tennis club. Midland is home to country clubs with golf courses, a college, Polo club, Rockhounds Baseball, 500 churches, 2 hospital campuses and Midland International Airport. 20 miles west of Midland is Odessa, a population 110,000. What better place to raise a family in a community that offers so much!
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