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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3-Location Quick Serve Mediterranean
(Restaurants)
Collin, Texas
Listed Price: $ 289,000
Listing ID: 000947

Listing DetailsDown Payment: $ 144,500
Gross Revenue: $ 874,359
Cash Flow: $ 136,958
FFE: $ 70,000 (Included in Price)
Inventory: $ 15,000 (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:

3-Location Mediterranean restaurants in 3 different top-notch enclosed malls throughout the DFW area are now available for acquisition. The first location was originally established in 2017 by the current owner of the business that has built the business from scratch. The second location was established in mid-2019 as well as the third location that was established in the same year a couple months later. The first location is occupied in a 200 SF space of food court in one of the busiest shopping mall in North Dallas. The second location is occupied in a 746 SF space of food court in premier shopping mall located in North Dallas in a different city from the first location. The third location is occupied in a 200 SF space of food court in a prime shopping mall located in East Dallas. These premier shopping malls that house these businesses are conveniently located in prime locations just off the major highway with tremendous traffic and is surrounded by densely populated neighborhoods with the enormous presence of retail chains all around. Various menu items are provided at this Mediterranean restaurant that ranges from appetizers, soups & salads, pita, Kabob, platters, sandwiches, wraps, desserts & beverages. Most of the customers are in various ethnic groups consisting of individuals and families that have large amounts of disposable income to shop in the premium shopping malls coming from the surrounding neighborhoods and adjacent cities. Competition is expected with other types of restaurants in the food court of each mall, but all three locations are the only Mediterranean restaurant in each of the malls. Gross sales of all three locations combined have been in the range of $670K to 680K per year during the most recent year without any pro-active marketing. The sales are expected to be higher this year as the third location opened in 2019 is rapidly growing every month in a double-digit rate. Although minimal marketing is in place, various marketing tactics need to be utilized, such as more online and social media outlet presence, 3rd party delivery, direct marketing, coupons, daily special, etc. to acquire new customers in the untapped parts of each business location. Marketing efforts into catering services to schools, corporations, public agencies, etc. can also greatly improve sales as the catering business has remained untapped by the current owner. This is a great opportunity to acquire 3 well-established, fast-growing Mediterranean restaurants inside premier shopping malls as a package deal for any potential buyer who is willing to be more hands-on in the day to day operation and do more proactive marketing to reach out to untapped areas of the city.


Competition:

All three locations are the only restaurant serving Mediterranean food in the mall's food court that they occupied.


Potential Growth:

Minimal marketing is done and proactive marketing methods are needs to be fully utilized to achieve maximum income potential.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.


LocationSquare Footage: 746
Facilities:

Each location of three locations is located in food court in 3 different premier shopping malls. All three locations are optimally placed next to major highway and are surrounded by numerous residential areas and enormous presence of business chains which can attract tremendous traffics to these areas.


OperationYear Established: 2016
Employees: 4FT/4PT
Absentee Owner: No