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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Fast Causal Gourmet Pizza Restaurant
(Restaurants)
Dallas, Texas
Listed Price: $ 429,000
Listing ID: 000975

Listing DetailsDown Payment: $ 85,800
Gross Revenue: $ 772,130
Cash Flow: $ 182,735
FFE: $ 75,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Getting out of existing industry


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:

Locally well-known gourmet pizza dine-in & delivery restaurant in North Dallas is now available for acquisition. This business was originally established by the previous owner in 2013 and was acquired by the current owner in early 2017. The gourmet pizza place is occupied in a 3,428 SF end-cap space of retail strip center anchored by a nationwide grocery. Dine-in is spacious and gorgeously designed, and the interior of the business is well-built in a warm ambiance with fireplace decoration. Most of the customers are middle-class individuals and families from the surrounding densely populated residential neighborhoods as well as students and cater from a nearby reputable university. Few competitors are within the immediate market area, but this business has a solid customer base that has been accumulated in the last 7 years of operation by providing a strong product line and superior customer service which has differentiated themselves from the competition. Gross sales have been $68K to 72K per month that has been consistent over the last several years of operation due to the prime location and some marketing regularly done by the current owner. Although some marketing is in place through their website, 3rd party delivery, in-house delivery, student discount, monthly direct mailing, social media outlets, etc., there is still much more marketing that can be utilized to achieve maximum income capacity. Marketing efforts on increasing catering business from corporate offices and headquarters, medical offices, car dealership, churches, and especially the university nearby can also greatly improve the sales as catering business still remain under-served. Targeted marketing to students also can be a huge draw by utilizing marketing methods such as student discounts or special events since a good portion of the customer base of this business consist of the university students. This business has great potential because this location is right on the border of a city that directly connects to several major cities in North Dallas which can drive tremendous traffics to the business from every direction. This is a great opportunity to acquire a well-established high volume gourmet pizzeria for a potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

Competition is expected in this industry, but the restaurant has accumulated a solid repeat customer base for the past 7 years of operation due to its strong product line and personalized service.


Potential Growth:

There is still plenty of rooms to grow for this business due to its prime location, and the city has well-suited demographics for this type of restaurant particularly with a large amount of disposable income which can generate more revenues along with proactive marketing.


Financing/Terms:

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


LocationSquare Footage: 3428
Facilities:

This business is located in a 3,428 SF end-cap space of retail strip center that is anchored by a nationwide grocery chain, and there is an enormous presence of retail chains around the business with heavy traffics.


OperationYear Established: 2013
Employees: 5FT/10PT
Absentee Owner: No