Businesses For Sale > Business For Sale in North Midland, Texas (TX)

Northern Italian Continental Restaurant Fine Dining For Sale

North Midland, Texas (TX)

Asking Price:	Gross:	Cash Flow:
$3,500,000	$1,400,000	$195,000

Furniture and Fixtures Value:
$100,000 (included in the asking price)

Inventory Value:
$100,000 (included in the asking price)

Real Estate:
$2,000,000 (included in the asking price)

Business Summary:
Northern Italian Continental Restaurant, Fine Dining, Wine & Beer Permit & Real Estate All For Sale for $3,500,000. A very well established family owned restaurant offering Northern Italian Cuisine, homemade desserts (on premise pastry chef), fresh seafood dishes & the largest wine list in West Texas. This upscale restaurant offers menu items priced from $14.00-$38.95 includes traditional pastas, entrees, Veal Marsala, Rib-Eye Florentine & Chicken Parmigiana. Popular specials are Dover Sole in champagne sauce & Tenderloin Au Poivre. Incredible wine list of 250+ labels has wine priced from $22.95 to $600.00. Customers dine on oak shaded patios or inside near the Italian style fireplace. Below the octagonal shaped roof, 14ft ceilings enclose beautiful plants, columns, Tuscan style motifs & the feeling of a fountain centered piazza. April to November the main northeast patio is open for outdoor dining. Reservations recommended often months in advance for weekends, large & small special events including New Year's Eve, Mother's Day, weddings, rehearsal dinners & large buffets. Superb romantic atmosphere yet popular for business & pharmaceutical meetings. Entire restaurant seats 250. There are 3 inside dining areas, wine room, 2 patios, 2 service rooms, office, kitchen, rotisserie, pizza oven, 2 storage rooms, garage & 4 bathrooms. Real Estate is valued at approx. $2,000,000. Hours of Operation: Dinner:Monday-Friday 5:00pm to 10:15pm, Saturday 5:00pm to 10:30pm, Lunch: Tuesday-Friday 11:00am to 1:45pm, Closed Sunday. Call now for more information. Jim Baker 321-452-3462

Year Business was Established: 1985

Number of Employees: 8 fulltime, 28 part-time

Facilities / Terms of Lease: Centrally located 7000sq.ft facility in North Midland, West Texas in a busy shopping plaza with upscale stores selling furniture, clothing, jewelry, plus a day spa, hair salon & many more. Population 101,000. Restaurant is a free standing building, built in 1959 as a plant nursery & surrounded by Live, Burr Oaks & Pecan Trees. This prestigious area hosts another upscale shopping center, community theater, private schools, & tennis club. Midland is home to country clubs with golf courses, a college, Polo club, Rockhounds Baseball, 500 churches, 2 hospital campuses and Midland International Airport. 20 miles west of Midland is Odessa, a population 110,000. What better place to raise a family in a community that offers so much!

Potential Growth/Expansion: Many areas of the building & business can be expanded, & not necessarily as a restaurant. People have been interested in the property as a furniture store, & even as a home! There is room for expanding parking or building to the south of the restaurant. Part of the building could be used as a wine & tasting shoppe, cigar room, or a totally sequestered banquet room. the original part of the building, also has its own entrance & an entrance to the northwest oak laden patio.

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