Restaurant for sale in Texas serving American food 001111
Restaurant for sale in Texas serving American food. 12-year established traditional American restaurant in far Northeast Dallas is now available for acquisitions. This business is an authentic American restaurant and has been loved by locals over the past 12 years of operation. The restaurant was established by the original owner in 2009 and was acquired by the current owner in 2011. Various American traditional food items are provided at this restaurant, ranging from appetizers, salads, soups, entrees, signature steak & shrimp, burgers, sandwiches, kid's menu, desserts, beer & wine, etc. The restaurant offers a brunch buffet on Sundays only. Most of the customers are Caucasian individuals and families; most are residents from nearby residential areas.
Gross sales of this business have grown consistently for 12 years running at around $900k per year. Current monthly sales are about doubled since the current owner's acquisition in 2011. Revenue decreased slightly in 2020 due to Covid-19, but it has fully recovered in 2021 and is now on track to exceed 2019 (pre-Covid year). The current sales exceed $100k/month and are estimated to reach $ 1.1-1.2 million/year in sales for 2021.
Acquisition of this 12-year established authentic American restaurant will give a new owner access to a well-established restaurant with considerable cash flow and a solid customer base built for more than a decade that can be further expanded thru proactive marketing and by tapping into new business opportunities.
Other business opportunities
The owner will provide sufficient training for an agreed-upon period to allow the transition into the business as seamlessly as possible.
This business occupies a 4,000 SF space in a retail strip center nearby a busy road with high traffic and is surrounded by many residential neighborhoods. Most of the major equipment has been well maintained and all in great working order.
There is no direct competitor within the immediate market area for this business other than several restaurants that offer American breakfast & lunch menus.
Catering is the key to the further growth of the business. Marketing efforts on increasing catering business tailored to nearby corporate offices and headquarters, medical offices, car dealerships, and churches can also significantly improve sales as a catering business still has room for growth. Launching in-house delivery and expanding 3rd party delivery services can greatly improve sales as the demand for delivery and take-out service is growing more than ever after the COVID-19 outbreak.
100% down at the time of closing or 25% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.