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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Gorgeous Mediterranean Cuisine with Lunch Buffet
(Restaurants)
Dallas, Texas
Listed Price: $ 379,000
Listing ID: 000922

Listing DetailsDown Payment: $ 76,000
Gross Revenue: $ 733,416
Cash Flow: $ 159,277
FFE: $ 100,000 (Included in Price)
Inventory: $ 4,000 (Included in Price)
Reason for Sale:

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:

Gorgeously built-out authentic Mediterranean restaurant located in North Dallas is now available for acquisition. This business occupies a 3,327 SF space of end-cap space of a premier mixed-use development which features gorgeous build-outs with an elegant interior, and is located nearby the main highway of the city with consistently heavy traffic as well as densely populated neighborhoods filled with high-income individuals and many retailers. Spaciously and beautifully built dine-in area also features a full buffet table, a private party room and a mini kiosk/bar which can be utilized in the future as a revenue generator. Various menu items are provided at this business that can range from buffet (only available for lunch), appetizers, soups & salads, Kabobs, combo platters, sandwiches, burgers and baskets, specialty pies, desserts, and coffee & beverages. Most of the customers are individuals from the nearby densely populated residential neighborhoods filled with a large community of middle-class Asian and Middle-Eastern Asian population, so there is such a high demand for Middle-Eastern cuisine in this area. Few competitors are within the immediate market area, this is one-of-the-best Mediterranean restaurant that offers a variety of quality Mediterranean food with over 50 menu items of authentic Mediterranean cuisine that is by far superior to any other Mediterranean restaurant in the area in terms of high-quality products, services, facility and affordable price point. Gross sales have been $730K to 780K per year that has been very consistent over the last several years of operation without any pro-active marketing except thru its website and Facebook. Although no marketing is in place other than its website and Facebook, various marketing tactics need to be utilized, such as more online and social media outlet presence, direct marketing, coupons, daily special etc. to acquire new customers in the untapped parts of the area. Marketing efforts on catering service to schools, companies, public agencies, etc. can also greatly improve the sales as catering business has remained untapped by the current owner. Currently, full management is in place at the operation by 2 part-time partnership owners, and the business requires at least 1 full time owner to fully manage and operate the business. This business has done very well with its ground works, poised for next level growth. A potential buyer must put a lot of effort into promoting the business to expose itself to local customers by proactive marketing as very minimal marketing is in place now by the current owner.


Competition:

Competition is unavoidable in this type of industry, but this authentic Mediterranean restaurant has by far superior to other competitors within the immediate market area in terms of high-quality products and services. Also, this business is optimally placed nearby one of the busy roads in the city and easy to access with great visibility than other competitors.


Potential Growth:

Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3327
Facilities:

This business is located in a 3,327 SF space of a premier mixed-use development with a modern design. The business has been gorgeously built to give a luxurious atmosphere while also providing high-quality services that match the business concept. The restaurant features a private party room which is able to accommodate up to 30 guests.


OperationYear Established: 2013
Employees: 7FT/8PT
Absentee Owner: No