Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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High Volume Mexican Seafood Restaurant in Freestanding Building
(Restaurants)
Dallas, Texas
Listed Price: $ 925,000
Listing ID: 000980

Listing DetailsDown Payment: $ 185,000
Gross Revenue: $ 1,273,526
Cash Flow: $ 495,626
FFE: $ 75,000 (Included in Price)
Inventory: $ 12,000
Reason for Sale:

Other Opportunities.


Training & Support:

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


Listing SummaryBusiness Description:

High Volume Mexican seafood restaurant placed in a prime location of Central Dallas is available for acquisition. This business was established in 2019 by the current owner of the business. Interior seating, bar seating and outside patio seating is available with large amounts of improvement done to the facility in the last year especially on the patio. Located right off a main street that is interlocked with other high traffic roads, huge amount of traffic flows, this business can easily benefit from a well-lit pylon. Most of the customers that come to this business are Hispanic individuals that live in the surrounding densely populated residential neighborhoods and the oncoming traffic for office workers during lunch hours. Gross sales was $1,100,000/year that is consistently increasing each month as the business is gaining in popularity among the locals and the new renovation on the patio area is allowing for customers to enjoy the outside weather. Some marketing is in place that is done though social media outlets and 3rd party delivery service, but this business needs much more advertising in the local area to expand the customer base and increase revenue. There are many ways to proactively market this business such as direct mailing, happy hour, catering service, events and family meal bundles. Few competitors are within the immediate market area as the population is large in the local community, but this business is the only high-end Mexican seafood restaurant that offers great ambiance and quality made products that can be eaten at all hours of the day. Having a full-time owner operator will help this business to cut down on labor costs and provide the business with a strong foundation to manage daily operations. This business has everything in place for a Buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

Few competitors are within the immediate market area, but this is the only free-standing seafood bar that is optimally placed in this high density roadway.


Potential Growth:

Some marketing is done though social media outlets and word of mouth, but this business can easily exceed the current sales if other proactive marketing methods is fully utilized.


Financing/Terms:

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


LocationSquare Footage: 1300
Facilities:

This business is located in a 1,300 SF freestanding building next to one of the busiest streets in the local area that is connected with other major streets and residential buildings that carpet the area.


OperationYear Established: 2019
Employees: 5FT/10PT
Absentee Owner: No