Prime Location End Cap Franchise Gourmet Pizzeria 001119
Gourmet pizzeria located in a Northwest Dallas retail strip mall has been listed for your acquisition. Anchored to a well-known, nationwide grocery chain and surrounded by schools and churches, this establishment is a shining example that the best foundation for nourishing a healthy customer base is location. This 2000 SF gourmet pizzeria is nestled between affluent neighborhoods, highly concentrated residential areas, and golf courses. Directly across the street from this business is a neighborhood that houses a substantially sized country club. The customer base is predominantly upper-middle-class Caucasian families peppered with other minorities with similar social standings. Though the location is great and very much alive, the competition is seemingly the opposite. The closest similar restaurant is four miles away and has no direct interference with traffic to this establishment. This seems to reflect how the city planned to limit commercial congestion and promote residential growth in this area. Financial trends also have a promising trajectory. 2020's gross monthly average revenue was around $60,000 a month, with annual revenue of $725,000. Fast forward to 2021, and the projected annual revenue is around $750,000 to $775,000. 50% of all revenue has consisted of takeout or pickup orders, showing that even amongst the pandemic, sales have been favorable. Due to the increase of pick up orders, less in-house staff is needed to maintain the operation of the business. The exterior and interior are well-groomed and maintain an air of comfortable refinement. All major equipment was purchased and replaced in the last six months to two years and therefore is in excellent condition. This restaurant's flagship dish is its specialty pizzas; it also serves pasta, desserts, salads, wings, and sandwiches. Serving variations of high-quality dishes other than pizza is the x-factor that distinguishes this pizzeria from its immediate competitors. With all the good things that can be said about this establishment, there will always be room for improvement. The new owner can apply for a TABC liquor license to take advantage of the current vacancy in the alcoholic beverage industry and have an immediate effect on the generation of new sources of revenue. Proactive advertising to capitalize on the surrounding residential hubs could have a quick and direct impact on sales. Some suggested examples are door-to-door advertisement in neighborhoods and event catering to churches or offices.
The previous owner is simply seeking other opportunities.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
This establishment is located in a 2,000 SF retail strip mall in the North-West Dallas area.
Though competition does exist, it is sparse in the immediate area. Other pizzerias are within a five-mile radius but fail to meet the quality of this establishment.
Personalized local advertisements for the business will create new revenue streams and will be hugely beneficial to the growth of sales. Owner involvement in marketing and operational functions would lower operational costs and thus creating potential growth.
100% down at the time of closing.