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European Restaurant With Full Bar For Sale

N Dallas, Collin County, Texas
Asking Price:
$1,490,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,800,000 (USD)
Cash Flow:
$400,000 (USD)

Superior location European restaurant within the hub of high-income North Dallas is available for acquisition. This business was established by the current owner of the business in 2009. The location of this business is far superior to any other location within the city as this shopping center is known for the heaviest customer traffic for all various shopping goods including restaurant dining. Customer base has a wide diversity of different ethnic groups with great quantity of disposable income from around the nearby neighborhoods as well as individuals from all over DFW. During lunch hours, many of the customers are professional workers from the office buildings and the nearby businesses within the same shopping center. Alternatively, the families from apartment complexes and housing neighborhoods make a majority of the sales during dinner hours. Sales average is $1,800,000-2,000,000/year for the past 2-3 years and the sales has been increasing recently with the help of online marketing. Although online marketing is done on a monthly basis, local marketing is critical to this business generating more sales as well as acquiring untapped customers in the area. The required local marketing for this business to grow can range from using direct mailings, flyers, door hangers, catering, and delivery service to reach out to individuals yet untapped. More owner involvement can generate more revenue, but is unnecessary as the restaurant is already fully staffed and operational without the involvement of the owner. Products of this business has a variety of items such as cold/hot appetizers, soups, salads, pizza, sandwiches, fresh bread, Mediterranean main courses, desserts, and various alcoholic beverages that accommodate each dish. Acquisition of this European restaurant is imperative for any buyer that wishes to generate high revenue and the best location for any restaurant inside this prime location retail strip center within the hub of this wealthy city.

Property information

Real Estate:

Lease

Location:

This business is located in a prime 2,822 SF retail strip center in the hub of North Dallas. All equipment is in impeccable condition and in working order.

Business Operation

Expansion Potential:

Online marketing is currently done through social media, but local marketing needs to be taken advantage to effectively increase the sales of this business.

Competition / Market:

Few competitors are within the area of the city, but the superior location of this business bring a staggering amount of high-income individuals on a daily basis as it's the most popular shopping center in the whole city.

Reasons for selling:

Other opportunities.

Employees:
5FT/15PT
Years established:
2009

Other Information

Support & training:

Owners will provide training as needed to smooth out the transition into the business operation.

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:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD) - included in the asking price

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