Description of the business for sale
This firm is an Italian Fine Dining business with three locations in two Central Texas cities. These establishments seat 124 / 400 and 225 / 140 (Restaurant to Lounge) respectively. The establishment is known for its exceptional Italian food and award winning wine list. In fact, the restaurant was recently identified and awarded the distinction of being one of only 3995 restaurants world wide as one of 3995 restaurants in the World for "Best Restaurant Wine Lists in the World" by the Wine Spectator Magazine. The restaurants also posses a staff with a passion for food, wine and impeccable customer service. The restaurant / Lounge also offers wine tasting events, catering and banquet services and live music in the upscale lounge. The restaurant has no fine Italian Dining competition in the marketplace and each venue is centrally located. The restaurant also offers a personal touch for important business meetings and is equally suited for romantic intimate dining. The second venue has been profitably opened as of the first of the year (2007) and the total business expects to generate over $3,800,000 in 2007 gross dollar volume with a benefit to owner of approximately $505,500.
Support / Training provided by seller
The seller will provide all the training and assistance necessary to transition the ownership of the business.
Description of the facilities
Restaurant #1, Location #1
The restaurant is in a historical area of downtown. It seats 125 and is 3200 square feet at a monthly lease of $2,600/ month.
Tavern #1, Location #1
The lounge is in a historical area of downtown. It seats 400 and is 7200 square feet at a monthly lease of $5,650/ month.
Restaurant #2 and Tavern #2, Location #2
The restaurant / lounge is in the the only Mall in the marketplace. It seats 225 in the restaurant and 140 in the lounge and is 5600 square feet at a monthly lease of $15,000/ month.