Irving, Texas
Not Provided Tarrant County
Listing Type: For Sale By Broker
Category: Food & Beverage: Producers, Bakery, Farms
MLS #: JA965492
| Description: |
Summary Description
MegaBite Restaurant Brokers, LLC, offers for your ownership consideration, a classic Italian restaurant with high end décor and food offerings developed to excite the palate. The restaurant was opened in 1984 and the owners have owned and operated this fine restaurant for 26 yrs maintaining a the beauty all this time. They want to retire after a successful run, and bring in someone to continue the long standing reputation with a new energy level. This restaurant offers a great opportunity to serve fine food in the Irving- Dallas market. The asking price for the assets of the business is $125,000 including inventory at cost of $8,000 and FFE (Furniture, Fixtures and Equipment) of $150,000.
General Information
Facilities: The business occupies ~6201 SQ SF in a high rise building in Irving. The lease is $1500 month, expires July 31 2010 and is currently under negotiation. The Purchaser will need to assume the following service: 1) Dishwasher lease ~$93.13/mo.
Growth and Expansion: This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: • Promote the business with advertising • With personal touch, develop customer base with local business • Convention center will open the end of this year or next • Project Water street starts • Promote to 6000 apartments • Expand the bar business • New energy level |
| Pricing Information |
| Asking Price: |
$125,000 |
FF & E: |
$150,000 |
| Gross Revenue: |
$780,000 |
Lease/Rent: |
$0 |
| Cash Flow: |
$90,000 |
Inventory: |
$8,000 |
| Adjust Net Income: |
|
Real Estate: |
|
| Monthly Payroll: |
|
|
|
| About The Business |
| Style: |
This property is leased. |
|
|
| Year Established: |
1984 |
Lease/Rent: |
$0 |
| Full Time Employees: |
14 |
Part Time Employees: |
|
| Size (square feet): |
6,201 |
Lot Size (acres): |
|
| About The Sale |
| Reason for Selling: |
| The seller wants to retire from full-time work. |
| Is Financing Available? |
| yes |
| Is Owner Willing To Train/Assist New Owner? |
| The seller will provide 2 weeks (or more if desire |
| Is This a Home Based Business? |
| no |
| Is This a Distressed Business or Bankruptcy Situation? |
| no |
