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Business for Sale Summary

Italian Restaurant w/ Liquor License in Texas - 36741

Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,owner financing available,restaurant/ cafes/ diners
Owner Financing
Italian Restaurant w/ Liquor License in Texas
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Financial Information (non-confidential)

General Information
Asking Price $640,000 Down Payment $320,000
Gross Revenues $821,514 Lease Remaining Register Free to View
Owner’s Cash Flow $291,502 Number of FT Employees Register Free to View

Financing

$320,000 Down and $320k with terms tbd

Business Description

Popular Italian restaurant with a liquor license for sale in a prime high foot trafficked location. Located near a major route, the business has over a hundred reviews with a 4.5 rating & strong social media following. Does catering to the local school. Inside seats 240 people, including a private room that seats 50 people. Full kitchen, brand new equipment, and full staff in place. Full bar with beer & wine. This restaurant can be run fully absentee, current owner let's manager operate the restaurant. The restaurant is primed to explode in growth in near future with an outdoor patio area for 70 people almost finished & new development happening in the area. Plus, new owner can expand the catering. The business has only been open for 10 months but already has strong sales, owner is only selling due to moving out of state to be closer with family & willing to provide minimum 2 weeks training to help with transition. Projected gross revenue of $1.2M in its 1st fiscal year. Owner financing available for qualified buyer, terms negotiable. To learn more about this opportunity, please contact the broker Tyler Wright-Wylie at 267-428-4649.

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