MergerPlace

Mediterranean Restaurant with Consistent

Far Northeast Dallas, Texas (Collin)


  • Asking Price: $180,000
  • Gross Income: $283,000
  • Cash Flow: $90,000
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $75,000
  • Listing ID: #226436
  • Established: 2014
  • Employees: 4PT

Business Description

Office ID: #001071

A well-established Mediterranean restaurant with consistent sales in far Northeast Dallas is now available for acquisition. This business was originally established by the current owner in 2014. Various menu items are provided at this restaurant ranging from appetizers, salads, entrees/dinners, Indian curries & Biryani, pita wraps, kid's menu, sides/extras, lunches menu, etc. There are some other restaurants in the area; however, the biggest competitive edge this restaurant has over other competitors is the freshness and quality of the products relative to its prices. The prices are very affordable for the quality and portion, and also the location is great as it is located right next to a major road, which brings immense foot traffic to the area. Additionally, this is the only Mediterranean restaurant within the immediate market area that is locally owned and isn't a franchise that has a much higher price point and standardized menu items. A majority of customers are middle to upper-class Caucasian individuals and families from surrounding densely populated residential neighborhoods. Gross sales of this restaurant have been consistent for the last several years at around $300K/year due to its location, very inexpensive price point, and well-established customer base, but the growth has been temporarily halted due to COVID-19 in 2020. Some marketing is in place as of today, such as social media marketing, website, 3rd party delivery, etc., through the current owner. However, various proactive marketing methods still need to be utilized to achieve maximum income potential as well as growing the customer base beyond the immediate market area. Setting up an online booking system will help the business's operation flow much better, allowing this business to enhance the way customers are served and handled. Currently, the seating capacity is limited in the dine-in area due to fewer dine-in orders and increase take-out orders. If a new owner frees up more space through table relocation, the new owner can increase the seating capacity and handle more customers at a given time once individuals feel more comfortable dining in the restaurant. This is a great opportunity to acquire a well-established Mediterranean restaurant for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Far Northeast Dallas
County: Collin

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4PT

Financial Information

Asking Price: $180,000
Gross Revenue: $283,000
Cash Flow: $90,000
FF&E: $75,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

This business is located in a 1,320 SF space of a retail strip center next to a major highway surrounded by many businesses and densely populated residential neighborhoods. All equipment is in impeccable condition and in great working order.

Growth & expansion opportunities:

Some marketing is in place, and proactive marketing methods are still needed to fully utilize to achieve maximum income potential.

Competition:

There are few other restaurants in the area, but this restaurant takes pride in the freshness and quality of the food while having very inexpensive and affordable price points for all types of customers. Also, this is the only Mediterranean restaurant within the immediate market area except one franchise.

Reason for selling:

Retirement

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

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Business Listed By:

V-AID Group

www.v-aidgroup.com