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 Upscale Breakfast and Lunch
(Restaurants)
Collin, Texas
Listed Price: $ 399,000
Listing ID: 000948

Listing DetailsDown Payment: $ 120,000
Gross Revenue: $ 775,163
Cash Flow: $ 215,251
FFE: $ 50,000 (Included in Price)
Inventory: $ 7,000
Reason for Sale:

Relocation


Training & Support:

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:

Upscale casual breakfast and lunch spot in one of the fastest-growing cities in Far North Dallas is available for acquisition. This business was established and built from the ground up by the current owner in late 2017 and has built up a respectable reputation and sales have significantly increased since opening and growing year over year. The first year's sales were approximately in the low $50,000/month, but now it has grown to approximately $70,000/month. Despite growing sales each year, there are other things that could be implemented to increase the sales even further. The new owner can utilize all third-party deliveries, add additional drink items and desserts on the menu, increase the menu prices by 5-10%, and expand outdoor seating. This business has a presence in social media outlets including its own website, but the owner has not been too proactive marketing the business for additional potential income. The area itself is growing and booming with the development of high-end dwellings and businesses and in order to fully reach its financial potential, direct marketing, such as coupons and flyers need to be utilized in order to acquire new customers from the untapped areas of the city. Although the online presence helps, the best source of marketing has been positive online reviews, word of mouth, and return customers. The majority of the customers are upper-income Caucasian individuals and families with much disposable income, including some of the local pro athletes. This business serves made to order traditional breakfast menus such as skillets, omelets, pancakes, crepes, and lunch menus ranging from burgers, sandwiches, wraps, salads, kid's menu, and etc. This business is fully staffed with experienced cooks and friendly servers and the owner spends approximately 20-30 hours each week with manager duties, book-keeping, and customer service. This business is a great opportunity for an owner who can proactively market the business to further grow the business or be fully involved in the kitchen to reduce labor cost and control food cost.


Competition:

There is one direct competition in the immediate area, but the sales have been significantly growing since establishment and this business is located conveniently on the main road of the city and is much more easily visible. Many other similar concept restaurants have opened in the past, but they have all closed down because they could not compete with this business's quality, service, pricing, and atmosphere.


Potential Growth:

The business has an online presence including its own website and other social media outlets, but minimal marketing is done by the owner. As the city is growing, other marketing tactics need to be utilized, such as door hangars and coupons to acquire customers from the untapped areas of the city. All third-party delivery services should be utilized to increase overall sales and create more exposure online. By increasing the menu prices by 5-10% will generate an immediate increase in overall sales, as the types of customers are insensitive to the prices. Also by adding additional drink menu such as espresso, lattes, etc. and desserts could bring in much more revenue.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2380
Facilities:

This business is located in one of the fastest-growing cities and more affluent parts of North Dallas. There are many high-end and upscale dwellings and businesses being developed in all directions of the business and has had a direct impact on increasing sales since establishment. The inside is beautifully built from the ground up by the owner to accommodate all types of customers. All equipment is in excellent condition and in working order.


OperationYear Established: 2017
Employees: 5FT/5PT
Absentee Owner: No