MergerPlace

Two Location Gourmet Pizza Shop

Northwest Dallas and Northeast, Texas (Denton)


  • Asking Price: $345,000
  • Gross Income: $936,117
  • Cash Flow: $161,788
  • Real Estate: Not Disclosed
  • Inventory: $6,000
  • FF&E: $150,000
  • Listing ID: #222345
  • Established: 2010
  • Employees: 4FT/18PT

Business Description

Office ID: #001013

Two locally well-known gourmet pizza dine-in & delivery restaurants in Northwest Dallas and Northeast Dallas is now available for acquisition as a package deal.

The first location was established by the founder of this brand in 2010, and later in 2018, the current owner bought the business with his son to grow the business. This location is occupied in a 2,400 SF space of a retail strip center located in a prime location surrounded by numerous retail businesses and affluent residential neighborhoods. The customers are middle to upper-income individuals and students from the surrounding densely populated residential neighborhoods. There are few Italian restaurants and franchise pizza chains within the immediate market area, but this business has built up its solid customer base that has been accumulated in the last 10 years of operation by providing a strong and unique product line and exceptional customer service which has differentiated themselves from the competition. Annual average net sales of this location are around $40,000 to $42,000 for the last few years and have grown drastically over the last several years even with COVID-19 in 2020.

The second location was newly established by the current owner in 2019. This location is occupied in a 1,600 SF space of a retail strip center in an open mall. This shopping center is anchored by many nationwide department stores, national retailers, all placed in a high traffic area between a cluster of major highways. The customers are middle to upper-income individuals and families as well as visitors to the shopping center. There is no direct competitor in the shopping center area, while there are few corporate pizza chains outside of the shopping center area. 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. Gross sales have been very consistently growing since its inception, even under COVID-19, and are currently running at $40,000 to $45,000 on a monthly basis.

Currently, some marketing is in place through the website, social media outlet for both locations, but more pro-active marketing to each local area needs to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. 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. These well-established gourmet pizza restaurants are ready for a potential buyer who can be actively involved in the business operation while marketing to grow the business to maximum income capacity.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Northwest Dallas and Northeast
County: Denton

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4FT/18PT

Financial Information

Asking Price: $345,000
Gross Revenue: $936,117
Cash Flow: $161,788
FF&E: $150,000
Inventory: $6,000
Seller Financing Available: No

Property Information

Facilities:

The first location is occupied in a 2,400 SF space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. The second location is occupied in a 1,590 SF space of a retail strip center in an open mall. The majority of equipment brand new and excellent working order.

Growth & expansion opportunities:

Some marketing is in place for both locations, but other proactive marketing methods need to be utilized to generate more revenue.

Competition:

Competition is expected in this industry, but this restaurant has a strong and unique product line far superior to any other corporate pizza restaurants in the area.

Reason for selling:

Other opportunities/Move out of the country

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