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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Gourmet Pizza Restaurant in Fast Growing City
(Restaurants)
Ellis, Texas
Listed Price: $ 250,000
Listing ID: 001023

Listing DetailsDown Payment: $ 250,000
Gross Revenue: $ 420,000
FFE: $ 85,000 (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:

A well-established fast-casual pizza shop placed in far South Dallas is now available for acquisition. This business was originally established by the previous owner in 2016 and was acquired by the current owner in early 2020. The gourmet pizza place is occupied in a 2,809 SF end-cap space of retail strip center that is located next to a major highway of a city with consistently heavy traffic and is surrounded by many restaurants and retail chains. Dine-in is spacious and gorgeously designed, and the interior of the business is well-built and gives unique ambiance with fireplace decoration. Various and unique menu items are provided at this gourmet pizza restaurant ranging from hand-crafted pizzas, oven-baked pasta, hot & cold sandwiches, salads, appetizers, and desserts. A majority of the customers are individuals and families of a well mix of all ethnic groups that are from the surrounding densely populated residential neighborhood while the Caucasian customers are still predominant for this business. There are few corporate pizza chains within the immediate market area, but this gourmet pizza restaurant is by far superior to any other corporate pizza chains within the immediate market area in terms of high-quality products, services, facilities and a reasonable price points. This pizza restaurant used to do $60K-$70K a month under the previous owner's operation, but due to the previous owner's absentee and mismanagement, it went down drastically. After the current owner's acquisition, it went up to around $35K a month, and it has been consistent as of August 2020, even under Covid-19. Currently, some marketing is in places such as direct mailings, door hangers, google marketing, and social media outlet, but there is still much more marketing to be done to reach its maximum income potential. More marketing efforts on delivery and take-out service, including 3rd party delivery, can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. By expanding 3rd party delivery service providers such as Uber Eats and Door Dash, the operation can be streamlined and help reduce the workload for doing in-house delivery. Marketing efforts on increasing catering business to corporate offices and headquarters, medical offices, car dealership, and churches nearby can also significantly improve the sales as the catering business remain untapped. Serving alcoholic beverages such as beer and wine will also significantly boost sales as the demand for alcoholic beverages are very high in this market area. This is a great opportunity to acquire a well-established gourmet pizzeria for a potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

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


Potential Growth:

More marketing efforts on delivery and take-out service can significantly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. Serving alcoholic beverages such as beer and wine will also significantly boost sales as the demand for alcoholic beverages are very high in this market area. With proper marketing, the sale can be up by double more.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 2809
Facilities:

This business is located in a 2,809 SF end-cap space of retail strip center in the area known as central business districts in this city surrounded by numerous regional and national retailers, restaurants, grocery chains, offices, and high-end housing sub-divisions. Major equipment is in excellent working order.


OperationYear Established: 2016
Employees: 4FT/8PT
Absentee Owner: No