Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Fast Casual Gourmet Pizza Dine-in & Delivery
(Restaurants)
Rockwall, Texas
Listed Price: $ 329,000
Listing ID: 000884

Listing DetailsDown Payment: $ 175,000
Gross Revenue: $ 549,473
Cash Flow: $ 122,354
FFE: $ 80,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Looking for other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location quick service gourmet pizzeria placed in one of the most affluent cities in DFW is now available for acquisition. This business was established in 2012 by the current owner of the business that has built the business from scratch. This gourmet pizza place is located in a 2,320 SF end-cap space of retail strip center that is anchored by a nationwide grocery chain, and there is an enormous presence of retail chains around the business with heavy traffics. Competition is inevitable due to its prime location, but this business has a reasonable price point for high quality product offered with quick service concept which is only one of many strong points of this business compared to the competition in the immediate market area that has no middle ground market for their products. Most of competitors within the immediate market area have products that are either expensive or cheap with nothing in between, but this business has accumulated a number of customers in the middle ground with reasonable price point for their unique product line made with high quality ingredients. Various menu items are provided at this business that can range from appetizers, salads, soups, baked wings, calzone, specialty pizzas, create-your-own pizza, pastas, sandwiches, desserts and a dedicated kids menu. Most of the customers are high-income individuals and families in all age group from surrounding upscale residential neighborhoods, and consist of a well mix of different ethnic groups. Gross sales have been $600K to 650K per year that has been very consistent over the last several years of operation due to the prime location and some marketing regularly done by current owner. Although some marketing is in place through their website, coupons, social media outlets etc., but other proactive marketing methods needs to be utilized to achieve maximum income capacity as well as growing the customer base with individuals outside the immediate market area. Engaging with additional 3rd party delivery and catering service companies is another huge opportunity to increase the total sales by reaching customers outside their immediate delivery zone. Improving the current menu by offering a variety of new creative menu items and specials tailored to wider demographics of potential customers in this affluent city will also help to generate much more revenue. This is a great opportunity to acquire well-established high volume gourmet pizzeria for potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

Competition is unavoidable in this type of industry, but this gourmet pizza shop has by far superior than other competing corporate brands within the immediate market area in terms of high-quality products and quick services.


Potential Growth:

There is still a plenty of rooms to grow for this business due to its prime location, and the city has much more demographics that have a large amount of disposable income which can generate more revenues along with proactive marketing.


Financing/Terms:

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


LocationSquare Footage: 2320
Facilities:

Occupied in a 2,320 SF end-cap space of retail strip center anchored by a nationwide grocery in affluent city. Dine-in is spacious and uniquely designed, and the interior of the business is well-built in cozy ambiance with fireplace decoration.


OperationYear Established: 2012
Employees: 4FT/6PT
Absentee Owner: No