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Authentic Italian Restaurant with Bar in Far North of Dallas |
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Far North of Dallas |
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Authentic Italian Restaurant with Bar in fast growing City!
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| Listing Details | |
| Industry: | Full-Service Restaurants |
| Title: | Authentic Italian Restaurant with Bar in Far North of Dallas |
Listed Price: |
$299,000 |
| Down Payment: | $150,000 |
Total Sales: |
$600,000 |
| Owner Cash Flow: | $139,217 |
Fixtures, Furniture & Equipment: |
$150,000 (Included in listed price) |
Inventory: |
$5,000 (Included in listed price) |
| Financing / Terms: Owner will finance to qualified buyers with a 50% cash down. |
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| Reason for Sale: Other opportunities |
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| Training & Support: Owner will train new owners for an agreed period of time. |
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Real Estate Available | N/A |
| Sales Breakdown Dine In - 80% Bar - 20% | |
Fiscal Year | 2009 |
| Executive Summary | |
| Business Description: Authentic Italian restaurant with bar located in a fast growing city is now available for sale! Established by a 30-year-master in Italian dishes, this full-service restaurant offers so-called real Italian foods for its customers to enjoy. Cheese freshly made in house every week makes this Italian restaurant even more unique and competitive to other typical Americanized Italian cuisines, and numerous customers continuously testify the astonished and delicious taste of menus made with the homemade cheese. The restaurant's spirit which is to always serve the best to customers also help this restaurant become the best Italian restaurant in town. Full-Bar in private room (separated from restaurant) is equipped with mini stage for live music and continues to draw more customers at night. |
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| Historical Summary: Current owner being involved in food-industry for over 30 years. |
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| Owner Qualifications: Current owner does not have any specific position in the restaurant. Instead, he oversees the operation to go smooth. |
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| Competition: House specialties are competitive advantage to other Italian restaurants. |
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| Potential for Growth: Sales are in steady growth. Bar side is also getting more businesses. |
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| Customer Base Since opened in Feb, 2008, the restaurant has built strong loyal customers base with its special foods and friendly service. | |
| Operations | |
Year Established: |
2008 |
| Year of Last Acquisition: | 2008 |
| Form of Ownership: | S-Corp |
| Days & Hours of Operation: | Mon-Thu: 11am-10pm / Fri & Sat: 11am-11pm / Sun: 11am-9pm |
| Number of Employees: | 13 PT / 5 FT |
Owner Involvement | Fully-staffed while owner overseeing operation |
| Location | |
| Type of Location: | Strip Center |
| Square Footage: | 3150 |
| Facilities / Location Description: Occupied in a 3,150 SF of end-cap space of newly-built retail strip center on major U.S. highway with countless traffic, the prime location of this restaurant along with rapid population growth of this city is contributing to a continuous sales growth of this restaurant. The space is divided into two sections - dine-in area (80%) and bar (20%) between a wall. |
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| Monthly Rent: | $7,612 |
| Lease Expiration: | 1/31/2013 |
| Option: | 10 yrs |
| Security on Lease : | $6,300 |
Included in Monthly Rent | NNN |
Seating Capacity | 137 |