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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High Volume Breakfast & Lunch Deli in Affluent Neighborhood
(Restaurants)
Tarrant, Texas
Listed Price: $ 1,250,000
Listing ID: 000987

Listing DetailsDown Payment: $ 250,000
Gross Revenue: $ 1,466,868
Cash Flow: $ 414,919
FFE: $ 75,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Retirement


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:

23 year established fully staffed breakfast & lunch deli in Fort Worth is now available for acquisition. The deli shop was originally established in 1997 by the current owner. This business occupied in a 2,850 SF of a retail strip center is located in a busy intersection which is a couple of blocks away from the well-known university of this city. This university reportedly has over 10,000 students which attract tremendous traffics to the immediate market area. Currently, this business is fully staffed with 18 employees including a general manager that takes care of the general operation while the owner works at higher management level, mainly overseeing all back-office activities of the business outside the general operation. This business offers a variety of quality foods such as pancakes & waffles, egg benedicts, breakfast tacos & burritos, Tex-Mex breakfast, etc. for breakfast, and wraps, salads, chicken, hot & cold sandwiches, bagel sandwiches, burgers, kid’s menu, etc. for lunch with tons of customizing options to accommodate all kinds of customer preferences. All menus are made with the recipe that been perfected for over 2 decades. Competition is expected for this type of business industry, but this business has built an extremely strong customer base for the last 23 years which consists of many regular loyal customers. Most of the customers are middle to high-class individuals and families in all ethnicity from the surrounding densely populated residential neighborhoods as well as students and catering customers from nearby hospitals, corporate offices, university, etc. Gross sales of this breakfast and lunch cafe have remained very consistent for an astonishing 20 years running at around $1.4Mil-1.5Mil per year which includes dine-in sale, carry-outs, 3rd party delivery and caterings. There are many ways to proactively market this business. Particularly, online-based marketing such as social media outlets, email marketing, web-based advertisements, direct mailing, coupons and specials, etc. will bring a new set of customers and contribute to the continued success of the business. Marketing efforts on increasing catering business to corporate offices and headquarters, medical offices, car dealership, and churches nearby can also greatly improve the sales as a catering business still remain untapped. By utilizing marketing methods targeted to students such as student discounts or special events, it can draw more students to the restaurant as a good portion of the customer base of this business consist of university students. This business has great potential because this business is located in the hub of the central business district in Fort Worth which attracts tremendous traffics to the immediate market area. Acquisition of this high volume breakfast & lunch deli will give a prospective new owner an access to well established restaurant with considerable cash flow business and a solid customer base built for more than 2 decades that can be further expanded to its full potential thru pro-active marketing and by tapping into new business opportunities.


Competition:

Competition can be expected for this type of restaurant, but this business serves a wide range of deli foods with superior products in quality compared to nearby restaurants.


Potential Growth:

Marketing is very minimal to none, and marketing for the catering business is the key to further growth of this business.


Financing/Terms:

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


LocationSquare Footage: 2850
Facilities:

This business is located in a 2,850 SF space of a retail strip center next to an intersection surrounded by densely populated residential areas and many retailers with tremendous foot traffics. The restaurant is located in a couple of blocks away from the reputable university of the city where reportedly about 10,000 students attend. Major equipment is in excellent condition and in great working order.


OperationYear Established: 1997
Employees: 10FT/8PT
Absentee Owner: No