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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Open Mall Location Franchise BBQ Restaurant
(Restaurants)
Tarrant, Texas
Listed Price: $ 149,000
Listing ID: 000992

Listing DetailsDown Payment: $ 30,000
Gross Revenue: $ 300,000
Cash Flow: $ 60,000
FFE: $ 150,000 (Included in Price)
Inventory: $ 4,000
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide ample training for a smooth transition into the business operation.


Listing SummaryBusiness Description:

Prime open mall location franchise BBQ restaurant in West Dallas is available for acquisition. This business was established by the current owner in 2019. This business is occupied in a 1,870 SF space of an open mall that is surrounded by numerous apartment complexes and corporate businesses that bring tremendous traffic to the area. Various menu items are provided at this franchise BBQ restaurant that ranges from smoked meats, sandwiches, ribs, wings, kid's meals, desserts, and various sides and drinks to accommodate each entree. Competition is expected with other types of restaurants, but this is the only restaurant serving barbeque in this open mall. Overall demographics of this BBQ restaurant are individuals from surrounding area and office employees that visit the mall during their lunch hours. Gross sales average for this sub shop has been in approximately $300,000/year coupled with some marketing. Although some marketing is in place by corporate through their website and social media outlet, more of store-level proactive marketing methods such as flyers, direct mailing, emailing, student discount, loyalty program, etc. need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Starting a 3rd party delivery service such as Grubhub or Door dash to the local area will boost the sales by reaching out to customers within untapped areas of the business. Marketing efforts on catering service to corporate offices and headquarters nearby and medical offices can also greatly improve the sales as a catering business still remain under-served. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

There are no competitors within the immediate market area.


Potential Growth:

Some marketing is in place through corporate ADs, but other proactive marketing methods needs to be fully utilized to generate more revenue.


Financing/Terms:

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


LocationSquare Footage: 1870
Facilities:

This business is located in a 1,870 SF space of an open mall that is surrounded by numerous apartment complexes and corporate businesses that attract immense traffic.


OperationYear Established: 2019
Employees: 3FT/4PT
Absentee Owner: No