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 Brand New Equipment Fast Food Restaurant Asset Sale
(Restaurants)
Dallas, Texas
Listed Price: $ 34,900
Listing ID: 000921

Listing DetailsDown Payment: $ 34,900
Gross Revenue: $ 120,000
FFE: $ 35,000 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

No training will be provided as this is a sale of the equipment and location of the previous restaurant business. If the buyer wishes to continue its current concept, the Owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Brand new equipment turn-key restaurant in a prime location in the downtown hospital district is available for an asset sale. This business was established in 2019 by the current owner and has brought in brand new equipment and spent nearly $60,000 for the equipment and build out. Currently, the business is serving Keto-friendly, made to order Halal meals, New York-style street food with including a variety of classic, authentic Mediterranean food, gyros, wraps, and salads. This business is located in 971 SF strip center anchored by a Hispanic supermarket and other businesses in a super busy strip mall heavily surrounded by densely populated neighborhoods of single-family homes, luxury high-end apartments, and townhomes. This business is just minutes away from the downtown and walking distance to many hospitals, medical offices and colleges, hotels, corporate offices, banks, and etc. Because the area is densely populated with residential homes, businesses, hospitals, and corporate offices and the seating is limited, more than half of the revenue comes from sales from take-outs and third party delivery. Without much marketing in place, the average monthly sale is approximately $10,000/month. The next owner can either keep this concept and be more proactive in local and online marketing to create more exposure and acquire new customers from the untapped areas of the city or convert this turn-key restaurant into their own concept, such as fast food Mexican or Pizza, and can reach its full financial potential. This prime location facility has a lot of potential with the right concept and with aggressive marketing, is perfectly suitable for the next buyer who wishes to start a restaurant business with minimal investment in equipment and build-out.


Competition:

There are no other direct competitions that serve similar types of food and competition will depend on the type of restaurant this business is converted into. There are many fast-food restaurants, but lacks options for health-conscious and quality food.


Potential Growth:

More proactive local and online marketing will be crucial to further grow the business. As seating capacity is limited, if the owner can focus and specialize in take-out and delivery, especially in-house delivery to minimize the fees of the third party delivery services, this could generate large potential revenue.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 971
Facilities:

This 971 SF restaurant perfectly suitable for takeout, delivery, and catering is anchored by one of the Texas-based Hispanic supermarkets in a busy retail strip mall located in the hub of hospital district in downtown Dallas within walking distance to many corporate offices, medical colleges, hospitals, hotels, banks, and etc. All major kitchen equipment was purchased brand new and they are in excellent working condition.


OperationYear Established: 2019
Employees: 3FT/1PT
Absentee Owner: Yes