MergerPlace

Two Gorgeous Gourmet Pizza Cafe

North Dallas, Texas (Collin)


  • Asking Price: $799,000
  • Gross Income: $1,646,368
  • Cash Flow: $287,837
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $150,000
  • Listing ID: #226850
  • Established: 2006
  • Employees: 9FT/20PT

Business Description

Office ID: #001069

2-location of well-established casual dine-in gourmet pizza restaurants in North Dallas is available for acquisition as a package deal.

The first location was established in 2006 by the previous owner and was acquired by the current owner in 2020. This business occupies a 2,100 SF end-cap space of a retail shopping complex located in the hub of the central business district of this town. Most of the customers are middle to upper-class individuals and families from the surrounding densely populated residential neighborhoods. Currently, the first location generates an average of $75-80K per month in this current pandemic time compared to over $90-95k per month before COVID-19.

The second location was originally established by the previous owner in 2008 and was acquired by the current owner in 2020. This business is located in 2,800 SF end-cap space of a retail strip center located next to a major road and surrounded by numerous regional and national retailers, restaurants, grocery chains, offices, and high-end housing sub-divisions. Most of the customers are middle to upper-class individuals and families from the surrounding densely populated affluent neighborhoods. Currently, the second location generates an average of $50-55K per month in this current pandemic time compared to over $60-65k per month before COVID-19.

Considering that both locations are prime locations where numerous businesses are competing, competition is inevitable. However, this business has built its own customer base by providing a strong product line and superior customer service, which has differentiated itself from the competition. Few competitors franchise pizza chains are within the immediate market area, but this gourmet pizza restaurant is by far superior to any other corporate pizza chains within the immediate market area in terms of high-quality products, services, facilities, and price points.

These pizzerias feature gorgeous build-outs with an elegant interior, and their beautifully built dine-in & outdoor patio area provides customers a spacious, cozy, yet refined ambiance, giving a comfortable setting that a large family can easily feel home to.

Currently, some marketing is in place for both locations, but more marketing efforts on delivery and take-out service, including 3rd party delivery, can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. Serving alcoholic beverages such as beer and wine will also greatly boost sales as the demand for alcoholic beverages are very high in this market area. This gourmet pizza brand is competitive than any other pizza restaurant as it has over 37 independently owned and operated stores in the North Texas area and is very well known to locals for its quality products at a reasonable price point. Various menu items are provided at these gourmet pizza restaurants ranging from hand-crafted pizzas, oven-baked pasta, hot & cold sandwiches, salads, appetizers, and desserts.

This is a great opportunity to acquire 2 well-established high-volume gourmet pizza restaurants 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 cities.


Business Details

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

Company Information

Year Established: 2006
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 9FT/20PT

Financial Information

Asking Price: $799,000
Gross Revenue: $1,646,368
Cash Flow: $287,837
FF&E: $150,000
Inventory: $8,000
Seller Financing Available: No

Property Information

Facilities:

The first location occupies a 2,100 SF end-cap space of a retail shopping complex located in the hub of the central business district of this city. This area is full of regional and national retailers, restaurants, grocery chains, offices, and high-end housing subdivisions, attracting tremendous traffics to the immediate market area. The second location occupies a 2,800 SF end-cap space of a retail strip center located next to a major road and surrounded by numerous regional and national retailers, restaurants, grocery chains, offices, and high-end housing sub-divisions.

Growth & expansion opportunities:

More marketing efforts on delivery and take-out service can significantly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. Serving alcoholic beverages such as beer and wine will also greatly boost sales as the demand for alcoholic beverages are very high in this market area.

Competition:

Competition is expected in this industry, but the restaurant has accumulated a solid repeat customer base for the past 12-14 years of operation due to its strong product line and personalized service.

Reason for selling:

Other Opportunities

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