Pizza restaurant for sale with bar and patio
Business Description
Pizza restaurant for sale with bar and patio! A new, fully renovated Italian Restaurant with a full bar and a patio in a prime location is available for acquisition. This restaurant is located in a 2,400 SF space in a mixed-used development surrounded by luxury apartments within walking distance from the establishment. The customer base is predominantly upper-middle-class individuals and families peppered with other minorities with similar social standings. This restaurant was established in 2021, with the current owner investing almost $400,000 for a full build-out, new equipment, and furniture, including a full bar. Since its inception, the sales have been consistent at $20,000 per week and continue to grow consistently. This restaurant's flagship dish is pizzas made with fresh dough and pasta; it also serves appetizers, desserts, salads, wings, and sandwiches. The establishment's potential for growth is one of the best in the market as the establishment continues to acquire new customers as word spreads and the surrounding area continues to develop. The restaurant's full bar is under-utilized, as alcohol sales make up only 10% of total sales. Proactive advertising to capitalize on the surrounding residential hubs could quickly and directly impact sales. The current owner has used Valpak as a form of marketing, but much more can be done to reach the full potential of this restaurant, such as happy hour, specials for the residents surrounding the restaurant, etc. Event catering to churches or offices is an areas that can be promoted to boost revenue.
Listing ID #001513
Listing ID #001513
About the Business
- Years in Operation
- 4
- Number of Employees
- 10
- Facilities & Assets
- This restaurant is located in a high-end mixed-use development surrounded by luxury apartments in a fast-growing area in South Fort Worth.
- Market Outlook / Competition
- None in the immediate area
- Opportunities for Growth
- There is huge potential for growth as the restaurant is still relatively new, and the surrounding areas near the restaurant are in development. The restaurant's full bar is underutilized, as alcohol sales only account for 10%. The restaurant is surrounded by luxury apartments where residents can walk a few steps from their apartments to the restaurant.
Since this establishment carries a full TABC license, there is a potential to extend the business hours during the weekend for late-night dining.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,400
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- The owner will provide two weeks of training or an agreed period of time to transition into the business operating smoothly.
- Financing Options
- 100% cash at closing or SBA financing with 15-20% cash down available for qualified b
Listing Info
- ID
- 2388366
- Listing Views
- 280
Attached DocumentsAttachment Disclaimer
NDA_Non_Disclosure_Agreement_for_001513_Pizza_restaurant_for_sale_with_bar_and_patio.pdf
Listing ID: 2388366 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.