Italian Restaurant For Sale - Midland, Texas, TX

PROFILE: Northern Italian Continental Restaurant, Fine Dining, Wine & Beer Permit & RE.

AD/LISTING INFORMATION
Status: Available
State: Texas
Location: Busy Plaza
County: Midland
City: Midland
Primary Category: Restaurant Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  120995
Seller Or Contact:  Jim Baker
Primary Phone:  321-452-3462
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  11/3/08
Date Ad Last Revised:   11/3/08

FINANCIAL INFORMATION
Asking Price: $3,500,000
Down Payment: Call/Email
Annual Revenue: $1,400,000
Annual Adjusted Net: $195,000
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: Yes
Bkr To Bkr Cooperation: No

DESCRIPTION: 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. 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! Midlander's Love To Eat Out A Lot, So There Is Some Expected Competition From Other Types Of Restaurants. 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. Employees 8 Fulltime, 28 Part-Time Trading Hours Dinner:monday-Friday 5:00pm To 10:15pm, Saturday 5:00pm To 10:30pm, Lunch: Tuesday-Friday 11:00am To 1:45pm, Closed Sunday.
Owners Offer Consulting Services To Enthusiastic New Owner. Reasons For Selling Health Reasons. Furniture / Fixtures Price $100,000, Inventory Price $100,000. Contact Now For More Information.

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