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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Italian Restaurant & Bar
(Restaurants)
Dallas, Texas
Listed Price: $ 550,000
Listing ID: 000707

Listing DetailsDown Payment: $ 275,000
Gross Revenue: $ 1,597,834
Cash Flow: $ 443,767
FFE: $ 150,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Retirement


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location high-end Italian restaurant placed in the epicenter of a very affluent area of Central Dallas is available for acquisition. This business was originally established in 2017 by the current owners of the business. Most of the customers are upper-class employees and residents from the surrounding high-rise office complexes as well as the densely populated residential condos that carpet the area. Net sales of the business fluctuates during their on and off seasons with $140,000-150,000 made on average during their busy season while their off-season for a few months brings on average $60-70,000. This business is placed right next to one-of-the-largest event center in the DFW metroplex that consistently brings immense traffic to this business once events are lined-up for several months. Although there is no marketing done at the current time, other proactive marketing methods will be extremely beneficial as the synergy between the large event center and active marketing efforts in the local area will help this business generate much more cash flow. Competition is usually expected for any business located near these types of event centers, but there are no competitors within the immediate market that competes with the same type of cuisine as this business which allows this business to dominate the area for Italian cuisine. There are many ways to proactively market this business such as direct mailing, delivery service, catering service, 3rd party delivery service, coupons, event specials and hiring management for the owners to allocate more time to marketing. Both the owners currently work full-time supervising the business and would be benefit greatly by placing management to supervise the business while the owners focus on growing the business further by active marketing tactics. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

There is no competitor within the immediate market area that serves the same type of cuisine.


Potential Growth:

No marketing is currently done due to the sheer overflow of business not allowing the owner time to allocate to marketing. As this is surrounded by countless corporate offices and retailers, catering business can be a huge opportunity to grow this restaurant to the next level.


Financing/Terms:

50% down at the time of closing and the other 50% will be financed by Seller to qualified buyers.


LocationSquare Footage: 3328
Facilities:

This business is located in a 3,328 SF mixed-use development building that is surrounded by high-end office buildings and placed in an area of immense traffic in all directions. All equipment is in impeccable condition and in working order. Located in the hub of a $3 billion master-planned development, the project of which will contain over 4,000 residences and 4 million square feet of office and retail space.


OperationYear Established: 2017
Employees: 6FT/10PT
Absentee Owner: No