Business Overview:
Restaurant for sale in Dallas with over 900k in net sales for 2022. This is an asset sale (PHONE NUMBER INCLUDED) with the restaurant still in operation, and the buyer MUST change the restaurant name, menu name, etc. This restaurant is part of a well-known regional brand, but the current unit no longer aligns with the brand's present concept. A buyer can convert it to a similar concept but cannot use their branding and menu. The restaurant is still in operation, and the sale will include equipment, customer base, and furniture of the restaurant. A buyer capturing 80% of the current traffic and customer base can reap huge benefits and expect a great return on investment. This restaurant was originally established in 2003 by the current owners. This burger and wing restaurant occupies 1,925 square feet of end cap space in a retail strip center located by a major highway in the Dallas metroplex. Rent accounted for only 4% of net sales in 2022. The facility had significant upgrades to its establishment in 2021, including new booths, tables, audio and visual installation, replaced water heater, and a new 7.5-ton HVAC unit. Current owners are not involved in the business's day-to-day operations as this is a corporate restaurant operated by a general manager and staff with routine checkups by upper management. A few competitors are nearby, but they are not direct competitors as they are the typical fast-food chains like burger king, Wendy's, Popeyes, etc. The area desperately needs a small mom-and-pop American restaurant offering higher quality food at competitive prices, as most restaurants nearby are big corporate chains. A buyer with restaurant experience could rebrand the restaurant serving burgers and wings or a similar concept and convert the current customer traffic. The current location does not serve alcohol, which is another missed opportunity.
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Property Features and Assets:
This burger and wing restaurant occupies 1,925 square feet of end cap space in a retail strip center located by a major highway in the Dallas metroplex. The current phone number of the restaurant will be included in the sale. The facility had major upgrades to its establishment in 2021, including new booths, tables, audio and visual installation, replaced water heater, and a new 7.5-ton HVAC unit. / Inventory: Not Disclosed.
Market Competition and Expansion:
Competition: A few competitors are nearby, but they are not direct competitors as they are the typical fast-food chains like burger king, Wendy’s, Popeyes, etc. The area desperately needs a small mom-and-pop American restaurant offering higher quality food at competitive prices, as most restaurants nearby are big corporate chains.
Growth and Expansion: This restaurant has great upside potential for sale in Dallas, as this is an asset sale from a well-known brand. The restaurant has been established for two decades and grossed over a million in revenue in 2022, with recent upgrades to the establishment in the last two years.
Reason for Selling:
It no longer fits with the corporate concept.
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.
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