Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Prime Location Well Established Office Deli In Class AA Office Tower
(Restaurants)
Dallas, Texas
Listed Price: $ 199,500
Listing ID: 000902

Listing DetailsDown Payment: $ 59,850
Gross Revenue: $ 312,059
Cash Flow: $ 110,209
FFE: $ 50,000 (Included in Price)
Inventory: $ 5,000
Reason for Sale:

Retirement.


Training & Support:

The owner of the business will provide sufficient training and share a recipe on all food items to make the transition as seamless as possible.


Listing SummaryBusiness Description:

Well established office deli located in one of the most prominent business areas of North Dallas is available for acquisition. This business was established by the original owner in 2006 and later acquired by the current owner of the business in 2009. This business is located in a 13 story, 354,182 SF office tower where the occupancy rate is 80-85% and occupied by multiple Fortune 500 companies. There are two other identical office buildings directly adjacent to this building and currently, both are vacant since the ownership change of the property about a year and a half ago. One is still vacant, but the other one is currently under construction and remodeling and new tenants are scheduled to occupy the building within the next few months. The sales before the buildings were vacated have been anywhere between $2,000-$2,500/day and sales have decreased due to vacancy, but the business is still averaging approximately $1,300/day. Once both or one of the buildings are occupied, the next owner will reap the benefits as the daily sales should increase to what it had been before. This deli offers a variety of breakfast and lunch menu items, such as bagels, breakfast plates, breakfast burritos, soups, custom made sandwiches, hot sandwiches, specialty wraps, burgers, salads, and pizzas to accommodate all types of customers throughout the building. There had been no marketing done whatsoever and most of the customers are within the building, but since new tenants are coming in directly across from its building, direct marketing, as well as online marketing, will be crucial to create more exposure and acquire new customers. The husband is fully involved and is in charge of the hot food and grill while the wife is minimally involved in the overall operation and helps out when necessary. This business already has a well-established customer base, located in an exceptional area, and has a huge potential to increase overall sales. This business is perfectly suitable for an owner who is able to handle the work in the kitchen, be more proactive in marketing, and who can manage and maintain customer relationships and will be a great opportunity to further grow the sales and reach its full financial potential.


Competition:

There are no other competitions in the immediate area.


Potential Growth:

There are two other identical buildings adjacent to the building this business is located in. Both are vacant, but one of the buildings is going through a renovation is soon to be occupied by medical and healthcare related company. This will have significant impact on overall sales.
There is no marketing done currently, but local marketing within the office building and soon to occupied building will be the key to further grow the business.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
50% Seller Financing Available.


LocationSquare Footage: 2450
Facilities:

This 2,450 SF business is located on the first floor of the 13 story office building occupied by Fortune 500 companies in one of the most coveted business areas in North Dallas.
All equipment is in working condition and the dining area has been recently renovated by the landlord.


OperationYear Established: 2006
Employees: 3FT/1PT
Absentee Owner: No