Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Authentic Cajun Food Cafe In Downtown Dallas and Food Truck
(Restaurants)
Dallas, Texas
Listed Price: $ 220,000
Listing ID: 001021

Listing DetailsDown Payment: $ 110,000
Gross Revenue: $ 375,000
Cash Flow: $ 75,000
FFE: $ 60,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business provides the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Award-winning, authentic made from scratch Cajun food truck and cafe in downtown Dallas is available for acquisition. This business originally started as a food truck 2011 due to its popularity, the business opened its first brick and mortar cafe in Plano in 2013 but had to close down because the property was going to be torn down for the area development. The owner opened its current location inside a food hall in downtown Dallas Farmer's Market in 2016. The business located in the heart of downtown Dallas and is heavily surrounded by office buildings, high-end lofts, and apartments. The venue is truly a tourist destination consisting of many retail shops, restaurants, vendors for locally grown fruits, vegetables, meats, and more. This venue hosts many events year-round and draws heavy foot traffic not only from the immediate surrounding area but from all over the DFW metroplex. This business was voted 10th best standout seafood restaurant and food truck and has won awards for the top 5 best gumbo in Dallas. This business serves authentic Cajun food including boiled crawfish when in season, fried seafood, Po'boys and sandwiches, gumbo desserts, and alcoholic and non-alcoholic beverages. There are very few competitors in the area and this business stands out for authentic and made from scratch food and has a competitive edge for its prime location and visibility of the general public. This business has a website and social media outlet presence but has never paid for any marketing and has not been too active with posts and interactions with the followers. A more pro-active marketing campaign is needed to reach the maximum income capacity and growing the customer base beyond the immediate market area. The food truck business was extremely popular serving a 50-mile radius from Dallas has been successful generating $500,000/year in revenue until 2016 due to staff shortage and personal reasons. To instantly generate additional revenue aside from the cafe, the next owner needs to hire additional staff to operate the cafe and to operate the food truck full-time by catering to customers' high demand and attending food truck festivals. The average gross sales for the cafe for the last few years have been over $500,000 with an exception to 2020 due to many factors. This business is well-liked by many, does not have many competitions, located in the best venue possible, has immediate potential for additional income and growth, and a chance to acquire new customers from other markets with an appropriate marketing campaign. This is a great opportunity for a buyer who can implement an appropriate marketing campaign and take advantage of the unutilized food truck to reach its full financial potential.


Competition:

There is one direct competition but a few cities away and no direct competition in the immediate area since there is no other similar restaurant in the food hall. This business makes its food from scratch and has won several awards for best and standout restaurant in the past.


Potential Growth:

The business has its own website and multiple social media sites but has not been pro-active in posts and active interactions with the followers. A more pro-active online and social media presence and interactive marketing campaigns are needed to reach and expand to acquire new customers and increase and build social media following. Also, the food truck needs to be fully operated and utilized to increase overall sales. When the food truck business was fully established and operating, it had generated more revenue than the restaurant itself. Due to the overall staff shortage and the owner having to be present at the cafe, the food truck operation came to a halt in 2016.


Financing/Terms:

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


LocationSquare Footage: 304
Facilities:

The business is one of many eateries in a food hall of the city's downtown farmer's market. The venue itself is a destination and draws tremendous traffic from all over the metroplex besides its immediate area. The cafe is approximately 300 SF and has 10 stools at the bar and the entire food hall can seat over 1,000 people. All equipment is in good working condition.


OperationYear Established: 2011
Employees: 2FT
Absentee Owner: No