Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well established, award winning, French restaurant located in the upscale area of Dallas, Texas. Established 20+ years, this restaurant has a loyal clientele (database of ~2000) which includes locals and regular business travelers who make it a point to visit. Seats 80 inside and 20 outside patio. Known for its consistent and quality food, it is one of the highest rated restaurants in its neighborhood. It has become a recommended restaurant with local media, consistently earns top Zagat ratings and offers a full bar and popular wine list. The employee cook prepares traditional French fare and the owner primarily works the front of the house. Don t miss this unique high profile opportunity to enter one of Dallas densest and most affluent demographic sub-markets. The restaurant has EXCELLENT MATCHING books, records and TAX RETURNS! ... and a high return on investment! Price $149,000 includes $17k inventory and $150k FFE.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,690 Square Feet leased $3,150/month + $800/mo NNN. Landlord is willing to offer a long term lease to a qualified operator. Located in retail/office center in residential neighborhood. It has an open dining room, full bar, extensive wine selection, large fully-equipped kitchen, walk-in, storage, restrooms.
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: 1) Increase prices. Prices were increased in April 2011 with no negatives., 2) Extend hours - currently closed Sunday. Sunday represents an opportunity to significantly increase sales, 3) Use Terrace/patio and promote along sidewalk, 4) Bring new energy and ideas to create Excitement in restaurant, 5) Use customer database to telemarket customer preferences, 6) Internet marketing via a website, emails, Yelp,
Reason for Selling:
Retirement age
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.
Resources: