Italian Restaurant For Sale San Antonio - Texas
Italian Restaurant for sale in San Antonio, Texas for $79,000! Seller will offer $23,000 in financing. Only $56,000 needed down. Restaurant has been in this location for over 5 years with new owners within the last two years. This restaurant benefits from an excellent location at a busy cross section with many large neighboring businesses and plazas including retail stores and offices. Tasteful, modern decoration, and authentic Italian menus draw a steady clientele. Both inside and outside seating are offered along with a full bar. The restaurant is currently grossing an estimated $169,538 and nets $2,234. There is a huge opportunity for growth! This restaurant has had a considerably higher gross income in the past (+263%) and is an excellent opportunity for someone to take this restaurant back to it's former success and beyond. Contact us to discuss the potential that this restaurant offers.
Frequently Asked Questions:   Price: $79,000   Cash Flow: $2,234   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $169,538. This restaurant has had a considerably higher gross income in the past (+263%). Contact us to discuss the potential that this restaurant offers.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? The seller is willing to offer up to $23,000 in financing. Terms to be discussed. However, if financing is needed for startup cost you can review Additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 4 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? This restaurant is located in San Antonio, Texas. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: new bar, large-walk in freezer, refrigerator, range, prep tables, kitchen utensils, tables and chairs, silverware and much more.
What is the size and how many customers can this restaurant seat? The restaurant is 1582 sq.ft and can seat approximately 70 inside and 15 outside.
Does this restaurant currently have a beer or liquor license? This restaurant holds a liquor license.
Does the restaurant offer drive-thru or delivery service? There is no drive but the current owner is offering delivery service and catering service.
How long has the seller owned the restaurant? Seller has owned this restaurant for 2 years.
Why is the owner selling? The restaurant has been managed by a family member who now owns his own business and he and the seller no longer have time to run this restaurant.
What are the hours of operation? This restaurant is open from 11am - 2pm Monday to Friday and 5pm - 10pm Monday to Saturday.
What type of neighboring business are in the area? Neighboring businesses include banks, retail stores, office buildings and churches.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Established Italian restaurant in a great location with full bar! Move in ready. Restaurant has a loyal customer base. Includes the cost of all equipment. Huge opportunity to increase revenue. Priced at $79,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.