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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Freestanding Wings & Bar
(Restaurants)
Collin, Texas
Listed Price: $ 150,000
Listing ID: 000748

Listing DetailsDown Payment: $ 150,000
Gross Revenue: $ 967,883
Cash Flow: $ 95,212
FFE: $ 75,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Other Opportunities


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 chicken wing restaurant and a full bar with gorgeous interior design in North Dallas is available for acquisition. This business was originally established over half a decade ago in 2012 and in 2017 was acquired by the current owner of the business that has been operating the business to present day. Most of the customers are Caucasian individuals that work around the nearby retail businesses including families that often come during dinner hours from the densely populated residential neighborhoods. Gross sales average was $980,000/year that has been consistent over the last several years of operation without any proactive marketing outside word of mouth and some online marketing. Although not much marketing efforts is taken, other proactive marketing tactics needs to be fully utilized to reach the maximum income capacity and acquisition of new customers from untapped areas within the city. Competition is expected for any business in this industry, but this business has been established in the area for a long time and has maintained their large customer base by consistency of all aspects in the business. There are many ways to proactively market this business such as direct mailing, happy hour specials, delivery services, 3rd party delivery service, social media outlets and placement of management to operate the business. Full-time owner involvement provides many benefits to cash flow, but placing a manager to operate the business while the owner focus on back office work and marketing will help expand the current customer base. 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 operations.


Competition:

Few competitors are within the immediate market area, but every competitor and this business as well has established their own customer base that is steadily growing with the population of the local area.


Potential Growth:

Some marketing is done online and through word of mouth, but other proactive marketing methods needs to be utilized to generate more cash flow.


Financing/Terms:

100% down at the time of closing


LocationSquare Footage: 6500
Facilities:

This business is located in a 6,500 SF freestanding building that is optimally placed next to a major highway that brings immense traffic to the area as well as numerous retail businesses surrounding this business.


OperationYear Established: 2012
Employees: 5FT/16PT
Absentee Owner: No