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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State-Of-The-Art Gourmet Pizzeria
(Restaurants)
Collin, Texas
Listed Price: $ 349,000
Listing ID: 000974

Listing DetailsDown Payment: $ 349,000
Gross Revenue: $ 544,000
Cash Flow: $ 110,000
FFE: $ 120,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Other Opportunities


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:

Prime location state-of-the-art gourmet pizza restaurant in North Dallas is available for acquisition. This business was originally established in 2018 by the current owner of the business. This business occupies a 2,178 SF space of an end-cap space of a premier mixed-use development located next to a major road of this city with consistent heavy traffic as well as densely populated neighborhoods filled with high-income individuals and many retailers that draw a large number of people to the area. This is a one-of-the-best looking pizzeria that features gorgeous build-outs with an elegant interior, and their beautifully built dine-in area provides customers a spacious, cozy, yet refined ambiance, giving a comfortable setting that a large family can easily feel home to. Few competitors are within the immediate market area, but this business offers personalized service with unique products line and exceptional build-out & interior that stands out among the competitors. This pizza restaurant offers a fine, variety of quality hand-crafted pizzas with high-quality ingredients, oven-baked pasta, hot & cold sandwiches, salads, appetizers, and desserts that is far superior to any other pizza restaurant in the area in terms of quality, products, and services. Gross sales have been $45K to 50K per month that has been consistent over the last several years of operation without proactive marketing. Currently, minimal to none marketing is in place, and proactive marketing methods such as social media outlets, email marketing, web-based advertisements, direct mailing, daily special, and 3rd party delivery services are needed to be fully utilized to achieve maximum income potential. Marketing efforts on increasing catering business from corporate offices and headquarters, medical offices, car dealership, and churches nearby can also greatly improve the sales as a catering business still remain under-served. Since this business has run as an owner absentee, owner involvement is absolutely needed to enhance the operation of the business this business in terms of the quality of customer services provided and help cutting unnecessary payroll expenses that were allocated to management salary by delegating tasks to the non-management team. This gorgeous restaurant also features a beautiful sunroom that can hold up to 50 people, and by promoting this feature to private party customers, corporate customers from nearby companies for corporate events, church group meetings, etc., it can expand the customer base of the business which will bring instantaneous sales increase. This gourmet pizzeria has great potential because the city where the business is located still has plenty of rooms to grow and has a good demographic with a large amount of disposable income which can be resulted in additional revenues by undertaking proactive marketing. This well-established gourmet pizza restaurant is looking for an energetic, creative entrepreneur who can take this restaurant to the next level.


Competition:

Competition is expected in this industry, but this restaurant has a strong and unique product line far superior to any other corporate pizza restaurants in the area.


Potential Growth:

There is a beautifully built-out sunroom that can accommodate up to 50 guests. Targeted marketing to large group customers such as churches, companies, senior cares nearby also can be a huge draw by utilizing marketing methods such as group discounts, senior discounts, or special events since the sunroom is still underutilized.


Financing/Terms:

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


LocationSquare Footage: 2178
Facilities:

This business is located in a 2,178 SF end-cap space of a premier mixed-use development with a sophisticated design. The business has been gorgeously built to give a luxurious atmosphere while also providing high-quality services that match the business concept. Major equipment is in impeccable condition and in excellent working order.


OperationYear Established: 2018
Employees: 3FT/7PT
Absentee Owner: Yes