Italian Cafe located in Northwest Dallas in a Mixed-Use Strip is now available for acquisition. Established in 1997 and still owned by the current owner, this business has been operating for over 18 years. Competition is within the immediate market, but no competitor provides Italian cuisine in the local area. Owned as a split ownership between 2 partners, each spends a total of 3 days at the operation to smoothly operate the business. Current annual sales are around $2Mil to 2.1Mil per year with a steady increase. For the 18 years of operation this restaurant has done, the sales have increased very consistently since the establishment of this business. The operation could increase the sales by strategic use of tight control of costs of goods and providing catering services for customer demand. Certain marketing tactics are used at the moment such as Money Mail, Yelp, Google, and local magazines to further expand the business's recognition in the area it's located in. Sales were drastically increased when the business expanded the kitchen a total of 3 times during the course of operation throughout the years. Every year of operation the business has an estimated sales increase of 10% annually since the establishment of the business. This restaurant produces high quality Italian cuisines such as appetizers like calamari, fresh baked bread, pastas, baked pastas, seafood dishes, create-your-own pizzas, and wings with a variety of dipping sauces. Additionally, a delivery system is currently in place that provides a catering service and delivery service at the cost of a minimum of $100 per order. All orders in the restaurant is placed in the front counter and food is ready by the time each customer pays for their meal. This is only during the lunch time where the business adopts a concept of an "Italian Express" to provide food in short time. During dinner service, the restaurant is converted into full-service with wait staff and bartenders.
Furniture, Fixtures & Equipment: $100,000 (Included in listed price)
Inventory: $30,000 (Included in listed price)
Financing: 100% down at the time of closing or SBA Financing with 30% cash down.
Year Established: 1997
Facilities: All equipment is in impeccable condition and maintained extremely well. Kitchen has been expanded a total of 3 times to accommodate increased customer flow. The inside full bar has 20 bar stools with very high quality counter-top has a large selection of liquors, wine, and beers. The outer patio is gorgeously decorated with cedar wood furniture along with 80 seatings (55 Large Patio, 25 Small Patio) and 75 seatings inside. In a location of corporate buildings and top-class individuals makes this a prime location for this business to thrive.Support/Training: Owner will provide necessary training to provide a smooth transition into the operation.
Reason Selling: Retirement.
Competition: No competitor in the immediate market area that provides authentic Italian cuisine.
Growth And Expansion: Business is marketed through Yelp, Money Mail, Google, and the local community. Very tight control on costs and increase of catering is boosting overall sales. Also as mentioned, the expansion of the kitchen also has increased overall sales and amount of customers.
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