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Established Italian Restaurant In Houston For Sale

Texas
Asking Price:
$735,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$943,324 (USD)
Cash Flow:
$242,588 (USD)

This established restaurant offers fine gourmet cuisine in a relaxed atmosphere. This 190-seater restaurant is professionally staffed and managed, presents very well and has a loyal clientele. Open for lunch, afternoon “happy hour”, and dinner for at-table diners or delivery. There are also special wine-pairing events, a private room facility, and patio dining in season.
Profitable, and on-target to grow revenue further in 2018, this restaurant would be equally suitable for a chef-owner or an investor.

Property information

Location:

195 seat dining area on street level. The facility is sized at 3,700 sq. ft. and is situated in a busy strip center with high volume traffic. The kitchen is spacious and fully equipped. The dining area too is spacious and comfortable

Premises Details:

This business was opened in 2009 and has been steadily building a reputation as a go-to restaurant for delicious cuisine, quality and consistency of freshly prepared meals and excellent customer service.

Business Operation

Expansion Potential:

30,000 new homes are to be constructed in the area by 2020
Grub Hub orders account for 20% of sales revenue . . . Adding additional on-line ordering platforms would produce revenue growth
Further enhance the restaurant’s social media presence . . . Currently, advertising is largely word-of-mouth recommendations.
Despite ongoing construction work on close-by hwy-290 the restaurant has maintained sales . . . Once construction is complete, the restaurant should show an increase in revenue

Competition / Market:

Well established with loyal customers
Situated at a busy arterial intersection with high traffic volume
Quality ingredients, and freshly prepared meals with unique recipes
190 capacity [including 35 outdoors on patio in season]
Favorable lease terms
Ample parking

Reasons for selling:

other interests

Employees:
9
Years established:
2009

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$210,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Information

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