Italian Restaurant - Richardson business

Opportunity to purchase established, profitable Italian style restaurant in prime north Dallas location. Excellent food & service. Fairly self-sufficient operation. Other than outside catering jobs the owner tends to himself, there is a dependable staff in place that pretty much runs the dine in part of the operation without the owner or his family having to work in the restaurant on site. Extremely motivated seller who needs to free up time and resources to focus on a second full service restaurant he owns as well as consulting responsibilities related to another food operation. Fully equipped kitchen set up to prepare any type of food. Equipment in excellent shape. Sale includes van being used for catering events. Current premises lease expires in December of 2024 and the landlord is prepared to negotiate an extension and rent with a buyer prior to a sale taking place. High traffic area near dense residential population base as well as numerous large corporate work places both of which significantly add to the walk in trade and catering opportunities. Well known in the immediate trade area. After the current owner purchased the business in March of 2014, he & his wife built a substantial business and its reputation by being on site, owner/operators until the operation became self-sufficient at which time they backed off to run their other restaurant/bar. A new buyer can return it to the on-site, owner/operator mode and expand on the current base even further and should be able to push the annual sales to the $1M mark and beyond. Promoting the catering side of the business that come through the restaurant are very profitable. Seller will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement.