Poke Restaurant For Sale in Upscale Dallas 001212
Price: $260,000
Location: Dallas County, Texas
Industry: Restaurants & Food/Sushi & Japanese Restaurants
Listing ID: 001212
Poke Restaurant For Sale in Upscale Dallas. Modern Quick Service restaurant in the hub of the prime location of high-end north Dallas is available for your acquisition. If you're looking for a simple restaurant with a great location, you don't want to miss out on this opportunity. This restaurant is in a multi-story retail center consisting of a very well-mixed tenant base and anchored by a nationwide fitness center in one of the busiest intersections of Dallas (customer base has a great mixture of the younger crowd from the nearby campus, workers from the nearby area and wealthy residential neighbors located blocks away from the restaurant). Menu items of this restaurant consist of (95% Cold Foods, this restaurant does not contain a vent-a-hood or a normal kitchen as 95% of menu items consist of cold ingredients that are put together when an order is received), Poke, Sushi rolls, Salad, and sushi (rolls and sushi at this restaurant are designed to be easily made so anyone can learn quickly.) This restaurant is a counter service that focuses on takeout, delivery (3rd party sites), and pick-up, so there is very little dine-in, and it does not require servers, chefs, and minimal dishes. The restaurant was established by the current owners in 2018 and had some hiccups during Covid-19 (limited hours the restaurant by closing lunch until recently) but has recovered with consistent growth. There’s a huge growth potential for this restaurant as they have just reopened its lunch hours (sales are consistently growing), this restaurant has an incredible 4.9 google star review but is underutilizing its social media, and a buyer can add a separate menu (Party trays with multiple rolls, selling deconstructed poke by the pound for corporate lunches, events, and catering can be added to acquire wholesale accounts.) to increase revenue for this restaurant. This restaurant is a great opportunity for a buyer looking for an established restaurant with simplicity and much room for growth.
Down Payment: $130,000
Total Sales: $605,630
Cash Flow: $172,304
Inventory: $5,000 (Included in listed price)
FFE: $50,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Burn-Out and Retirement
Training & Support:
The seller will provide ample training for a smooth transition.
Year Established: 2018
Employees: 3FT
Absentee Owner: No
Square Footage: 1,320 SF
Facilities Information:
Location, Location, Location! Located in one of the busiest intersections of Dallas, this restaurant is on the first floor of a multi-story retail center that consists of a very diverse mix of tenants (various tenants bring diverse customers) and is anchored by a 24-hour fitness center that is located on the 3rd floor. This retail center consists of underground parking for customers and brand new storage shed that is used as extra storage (for dry goods) for the restaurant.
Competition:
There is competition in the area but this restaurant is located in the hub of the prime location of North Dallas with affluent neighbors. Unlike the other competitors within the area, the menu items consist mainly of cold products (only 5% require a toaster oven to cook) so a typical hot kitchen is not needed. The menu is set up with trainability in mind and is able to be teachable to anyone without prior food handling experience. This allows the restaurant to be able to have less training time, easier operations, and faster service.
Potential Growth:
This restaurant has huge potential for growth as lunch has been closed from the start of Covid-19 until June of 2022. With re-opening lunch, the sales are 60k/month and are poised to grow continuously. The key to growing this restaurant will be keeping the consistency of its food and quality, and the speed of being able to serve its growing lunch crowd. The restaurant currently has a 4.9 google star review and does have a social media presence but could be improved (current owners are older and are not able to keep up with the pace of modern social media) with content and customer engagement.
Financing/Terms:
100% cash at closing or 50% cash down with 50% SBA financing available to qualified buyers with industry experience.
