American Restaurant with Fast Growing Sales

Not Disclosed, TX
Collin County

Far Northeast Dallas


Asking Price: Annual Revenue:
$440,000 $1,002,737

Food & Beverage: Miscellaneous


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RE: American Restaurant with Fast Growing Sales Broker: Stephen Lee
License #: 567204

Quick Facts

Asking Price: $440,000
Annual Revenue: $1,002,737
Net Profit: Not Disclosed
Cash Flow: $227,454
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 17
BBN Listing #: 127119188
Broker Reference #: 001111

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Business Overview:

12-year established traditional American restaurant in far Northeast Dallas is now available for acquisitions. This business is an authentic American restaurant and has been loved by locals over the past 12 years of operation. The restaurant was established by the original owner in 2009 and was acquired by the current owner in 2011. Various American traditional food items are provided at this restaurant, ranging from appetizers, salads, soups, entrees, signature steak & shrimp, burgers, sandwiches, kid's menu, desserts, beer & wine, etc. The restaurant offers a brunch buffet on Sundays only. Most of the customers are Caucasian individuals and families and the majority of them are local residents from nearby residential areas.

Gross sales of this business have grown consistently for 12 years running at around $900,000 per year. Current monthly sales are about double since the current owner's acquisition in 2011. Revenue went down slightly in 2020 due to Covid-19, but it has been fully recovered in 2021 and is now on track to exceed 2019 (pre-Covid year). The current sales exceed over $100,000/month and are estimated to reach $1.1-1.2million/year in sales for 2021.

Acquisition of this 12-year established authentic American restaurant will give a new owner access to a well-established restaurant with considerable cash flow and a solid customer base built for more than a decade that can be further expanded thru proactive marketing and by tapping into new business opportunities.

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Property Features and Assets:

This business occupies a 4,000 Square Feet space of a retail strip center nearby a busy road with high traffic and is surrounded by many residential neighborhoods. Most of the major equipment has been well maintained and all in great working order. / Inventory: $7,000 (Included in listed price).

Market Competition and Expansion:

Competition: There is no direct competitor within the immediate market area for this business other than several restaurants that offer American breakfast & lunch menus. Growth and Expansion: Catering is the key to the further growth of the business. Marketing efforts on increasing catering business tailored to nearby corporate offices and headquarters, medical offices, car dealerships, and churches can also significantly improve the sales as a catering business still has room for growth. Launching in-house delivery and expanding 3rd party delivery services can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak.

Reason for Selling:

Other business opportunities.

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.

Documents:

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