Casual Italian Eatery & Gelato In Two Texas Locations For Sale

Business description

Established 3.5 years ago with great knowledge of the techniques for the production of premium quality Italian ice cream appreciated world wide as “GELATO” following authentic recipes from the “old country” plus many created by owner from local favorites, all natural ingredients, no preservatives, truly artisanal and wonderful. Also available, a minimum of 30 Gelato recipe’s, all natural ingredients, no flavorings, preservatives, coloring, nothing artificial! Salads, Italian style panini & US sandwich favorites made fresh, followed by flavor full Italian coffees. The first location is very close to UTEP, the Cincinnati entertainment district, and Kern Place; the second is in a high end Westside shopping & center with the highest income market in El Paso. Production is centered in store #2, if bought separately; production equipment will be added to site #1. Not included in this sale, but available for sale is enough equipment to set up a third store. Maybe in fast growing east El Paso? Casual ambience and high quality are the hallmark for success in today’s food market. * Locations may be sold separately; location #1 $55,000, location #2 $120.000. *** FFE location #1 $24,840, location #2 $90,000. Gross Sales & EBITDA are based on 2011 annual estimated. The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities. To find out more about this exciting opportunity, contact Jaime Gonzalez below.

Property information

Real Estate:

Lease

Premises details:

Store #1 is very efficient with a “to go” clientele, although two benches w/6 chairs are available under the entrance pergola. ** Monthly rent $550.00. Store #2 with approximately 1,000 sf, has indoor modern seating for 24 plus a popular covered patio for 14, ample parking makes it convenient. ** Monthly rent $875.00. Rental contracts run till May 2014 & Nov. 2012 respectively. Management and operations are kept simple: the owner & gelato expert makes Italian ice cream daily, his wife oversees customer service and 2+3 part time employees complete the workforce. Open Tuesday through Sunday basically from 12 to 9 pm with schedules finely tuned to market demands on different days of the week.

Other information

Expansion potential:

There is great potential for additional points of sale supplied from existing production capacity. Also, the restaurant wholesale market has hardly been contacted and concession points of sale have only been superficially considered.

Competition / Market:

Both stores are in very stable areas that need to be more aggressively marketed for probable higher yields. They have many repeat customers. No more than two or three other restaurants in El Paso sell gelato style Italian ice cream, but none can match the quality of this product. Some marketing ads and aids included.

Support & training:

Up to two weeks of production training included and longer term consulting also available. Training & support for gelato production.

Reasons for selling:

Owners wish to dedicate more time to other businesses

Furniture / Fixtures value:

$114,840 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)