Italian Restaurant & Pizzeria for Sale – Germantown, TN
Reduced - Aggressively Priced! – Germantown, TN, USA
Asking Price: $300,000
Seller Financing Available: Yes
Cash Flow: $100,000
Profitable, turn-key restaurant in Germantown, TN. Well appointed location that has been a local staple for more than 10 years, serving delicious New York Style pizza and handcrafted Italian dishes. This restaurant is part of a franchise company that is highly rated in Entrepreneur Magazine, Nation’s Restaurant News and others.
Located at a prime intersection in a high-end residential area, and close to several large employers to support lunch, dinner, take-out, and catering. Inside seating capacity is 150, and there is a beautiful outdoor patio that seats 40. The restaurant is ideally designed to operate as a full service restaurant in the spacious dining room and on the patio, and will also accommodate efficient fast-casual service. In addition to a full menu of Italian cuisine, the restaurant is licensed for wine and beer.
Revenues are increasing and a solid marketing plan is in place to support continued growth. Relationships have been established with International Paper, FedEx, ThyssenKrupp, and other local businesses, and an online service partnership has been established to boost a significant upside potential in the catering business. Restaurant staff has been fully trained by Corporate resources and operations are running smoothly. Altogether this a great acquisition for the new owner.
In addition to significant upside potential at this location, there is also opportunity for expansion with multi-unit ownership with this brand in Memphis and surround markets. This would be a great location to utilize facilities and staff as a hub to train for additional restaurants.
Full training provided to the new owner by the franchisor. Owner to provide 1 week of transition.
Marketing and growth strategies have been implemented and sales are expected to continue an upward trend. The franchisor is open to multi-unit owners, and there is opportunity to expand in the Memphis market as well as other cities.
Owner is currently actively involved. New owner may choose to use existing staff or hire a general manager if needed for semi-absentee ownership.
Owner-Operator, Executive/Manager, Semi-Absentee
5000 sq. ft. restaurant with 2000+ sq. ft. patio. 9+ years remaining on current lease. Much of the kitchen equipment has been recently replaced.
Reason for Selling:
Owner is relocating.