Business for Sale Overview:
An upscale Italian/Continental restaurant in the prestigious Preston Center of Dallas, Texas and serving Preston Hollow (wealthiest neighborhood in Dallas). Cafe Espresso was established in 1987 and has been a profitable, neighborhood eatery from the start and maintains Excellent books and records. Regular patrons have included Dallas Who's Who including Ross Perot, President George W Bush, Ed Cox (SMU-Cox School of Business), The Levy family, The Dickey family (of BBQ fame) and T. Boone Pickens, and The Cullums. The local community is wealthy with an average household income of $150,000 - $250,000. Renowned for personalized service and in-season specialties (such as soft-shelled crabs or special Oktoberfest items). This neighborhood landmark has built a regular clientele. The lunch and dinner menus are regularly changed and supplemented with 8-10 daily Continental specials. Alcoholic beverage service is offered via the Unicard system. Seats 68 plus 8 outdoor. Centrally located and convenient to major activity generators within the immediate area including: Preston Center Shopping, Preston Hollow Residential Neighborhoods (Wealthiest in Dallas), Adjacent retail, specialty shops, Office Complexes, Highland Park, University Park (Park Cities) Residential Neighborhoods, Southern Methodist University (SMU), Local Hospitals. Price $200,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The 2,418 Square Feet high visibility space is located in the prestigious Preston Center area of the Parks Cities. This high visibility space is leased for a monthly rent of $5,400.50 including NNN. The lease expires December 2009 The landlord is willing to offer a 3 year lease and 3 year option to a qualified buyer. The lease rate will increase upon renewal.
Market Competition and Expansion:
This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: Maintain personalized service, Implement business catering, Direct mail surrounding neighborhoods using mail list, Local advertising and marketing.
Reason for Selling:
retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.