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Mediterranean Restaurant In North Dallas For Sale

North Dallas, Texas
Asking Price:
$275,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$525,000 (USD)
Cash Flow:
$144,000 (USD)

Upscale one-of-a-kind Mediterranean restaurant with strong liquor sale and exclusive dinner service is available for acquisition. This business was established and acquired in mid 2014 by the current owner of the business. Middle-aged individuals make the bulk of the customer base as this business is specifically targeting upper class individuals and couples for fine dining during dinner service operation hours. The unique structure of how this restaurant is setup allows this business to have no direct competition as well as acquiring all of the specific demographics in the area that the business is aiming for. Sales average at $45,000-50,000/month and have grown at a steady pace over the years of operation. So many methods of marketing are left untapped since no marketing has been done since establishment. Current strong liquor sales and the addition of happy hour can create the needed synergy to attract more customers of different demographics including drastic increase in revenue. Social media marketing can also improve the area that which this business is known and increase the amount of young adults that would come during happy hour service. Recent addition of delivery service has increased sales by a slight margin, but local marketing to notify nearby individuals of delivery service will be crucial to the growth of the business since this area is surrounded by many residential and commercial buildings that can be potential customers. Expanding operation hours is also another viable option to promote instant increase in sales and attract a different demographic of customers for lunch service. Products that this business provides include a various selection of liquors, cocktails, wines, beer, assorted meats/cheeses, and tapas (small dishes of food to accommodate alcoholic beverages) in 3 different price ranges. This business is extremely unique in the area and has many untapped resources that will grow the business exponentially. Acquisition is essential to any potential Buyer that can lead this business to optimal growth and efficiency with proper management.

Property information

Real Estate:

Lease

Leasehold Rent:

$52,248 (USD) per annum

Location:

Located in a 2,500 SF free-standing building with an outside patio and tremendous traffic from the nearby intersection. All equipment is in impeccable condition and in working order.

Size in square feet:
2,500 SF

Business Operation

Expansion Potential:

Proactive marketing is needed to reach the optimal growth in sales. No marketing is done at the current moment.

Competition / Market:

No direct competitors are within the immediate market area.

Reasons for selling:

Relocating to CA.

Employees:
7FT/3PT
Years established:
2014

Other Information

Support & training:

Owner will provide training during a 4 week period for a smooth transition into the business operations.

Financing available:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

Contact Information

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