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
Broker Contact Form
Name

Email

Phone

Comment


Two-Location Gourmet Pizza Restaurants
(Restaurants)
Dallas, Texas
Listed Price: $ 579,000
Listing ID: 001017

Listing DetailsDown Payment: $ 110,000
Gross Revenue: $ 1,339,424
Cash Flow: $ 265,275
FFE: $ 150,000 (Included in Price)
Inventory: $ 6,000 (Included in Price)
Reason for Sale:

Exiting restaurant industry


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:

2-location of well-established gourmet pizza restaurants in North Dallas is available for acquisition as a package deal.

The first location was originally established by the previous owner in 2013 and was acquired by the current owner in early 2017. The location is occupied in a 3,428 SF end-cap space of retail strip center anchored by a nationwide grocery. Most of the customers are middle-class individuals and families from the surrounding densely populated residential neighborhoods as well as students and cater from a nearby reputable university. Few competitors are within the immediate market area, but this business has a solid customer base that has been accumulated in the last 7 years of operation by providing a strong product line and superior customer service, which has differentiated themselves from the competition. Gross sales have been $68K to 72K per month that has been consistent over the last several years of operation due to the prime location and marketings regularly done by the current owner.

The second location was established in 2011 by the previous owner and was acquired by the current owner in 2019. This location is located in a 3,200 SF end-cap space of retail strip center in the hub of central business districts of the North Dallas area. Most of the customers are middle to upper-class individuals and families from the surrounding densely populated residential neighborhoods. Few competitors franchise pizza chains are 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 price points. Gross sales have been very consistently growing since its inception, even under COVID-19, and are running at around $47K in 2019. Currently, some marketing is in place through door hangers, and online marketing on Google and social media outlets.

Currently, some marketing is in place for both locations, but 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. Serving alcoholic beverages such as beer and wine will also greatly boost sales as the demand for alcoholic beverages are very high in this market area. Since this business runs as semi-owner absentee, a full-time owner-operator will be extremely beneficial for this business as it will cut payroll expenses on having unnecessary employees and boosting the quality of the customer service. This gourmet pizza brand is competitive than any other pizza restaurant as it has over 45 independently owned and operated stores in the North Texas area and is very well known to locals for its quality products at a reasonable price point. Various menu items are provided at these gourmet pizza restaurants ranging from hand-crafted pizzas, oven-baked pasta, hot & cold sandwiches, salads, appetizers, and desserts.

This is a great opportunity to acquire 2 well-established high volume gourmet pizza restaurants 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:

Few pizza chains are within the immediate market area for both locations, 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 price points. These restaurants have accumulated a solid repeat customer base for the past 7-9 years of operation due to its strong product line and personalized service.


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 greatly boost sales as the demand for alcoholic beverages are very high in this market area.


Financing/Terms:

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


LocationSquare Footage: 6628
Facilities:

The first location is occupied in a 3,428 SF end-cap space of retail strip center that is anchored by a nationwide grocery chain, and there is an enormous presence of retail chains around the business with heavy traffics. The second location is occupied in a 3,200 SF end-cap space of retail strip center in the hub of central business districts of the North Dallas area.


OperationYear Established: 2013
Employees: 7FT/18PT
Absentee Owner: No