This is a well established Italian Restaurant. There is no competition for a 60 mile radius. We have pizza, pastas, all Italian cuisine. There is a full service bar with a new liqour license that is transferable. It is good for 2 years. The restaurant comes with all furnishings and is ready to go. Most employees would like to stay and work for the new owner. There is an option to buy the business alone and lease the building from the owners. This will lower the price. The owners are relocating to a different area and want to sell.
Country: | USA |
State or Province: | TX","TX |
City: | Graham |
Location Zip or Postal Code: | 76450 |
Service Type: | Sit-Down Table Service |
Title of Listing: | Vetoni's Italian Restaurant |
Year Established: | 1997 |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 5,000 , Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Hours of Operation: | Sun-Fri 11-12 front area closes at 10, bar open late as needed Sat 11-1 front closes at 10. We have karaoke in the bar until 1 |
Reason for Selling: | Moving, different opportunity |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Link to Facebook Page: | https://www.facebook.com/Vetonis/ |
Asking Price: | $375,500 |
Gross Revenue Range: | $500,000-$1,000,000 |
EBITDA Range: | $100,000-$300,000 |
SDE Range: | $100,000-$300,000 |
FF&E Value (Furniture Fixtures and Equipment): | 75000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $5000 |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Value Included?: | Yes |
Total Monthly Rent: | $4,550.00 |
Financial Comments (include any Financing information that may be useful): | We are willing to sell the business out right or we have rent to own or leasing options. We can owner finance for a reasonable down payment and substantial monthly payments. Please meesage for this information. |