European Style Restaurant-Seen on TV-High Profits

Not Disclosed, TX
Tarrant County


Asking Price: Annual Revenue:
$389,473 $436,103

Food & Beverage: Restaurants, Fast Food, Deli


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RE: European Style Restaurant-Seen on TV-High Profits Broker: Darrow Graham
Owner Financing is Available!
194736.00

Quick Facts

Asking Price: $389,473
Annual Revenue: $436,103
Net Profit: Not Disclosed
Cash Flow: $171,976
Total Debt: Not Disclosed
FF&E: $134,321
Real Estate: Not Disclosed
Year Established: 2002
Employees: 8
BBN Listing #: 735152115
Broker Reference #: 69071-271375

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Business Overview:

European Style restaurant with retail gift shop and small grocery. Highly motivated seller will entertain BEST OFFER based on buyer demand. It currently seats 80 and could expand to more. Large parking lot with 50 spaces. This unique restaurant has been featured on numerous TV shows and receives very high reviews. Owner financing available. Can be purchased with or without the real estate. Below market rent. New owner has the option to increase seating inside and outside. Wine and beer licenses for restaurant and store. Owner will train, consult and provide all the recipes and supplier connections. All advertising has been word of mouth with many repeat and loyal customers. There is no competition and they offer a better alternative to chain restaurants with everything made from scratch. Website and Facebook is included and has over 2,000 followers.

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Property Features and Assets:

Husband and wife started this business over 17 years ago and they have been on numerous TV shows like Diners, Drive In and Dives. Voted #6 out of all the restaurants in DFW in 2012. Voted best European and Russian restaurant in all of Texas by Best in Show.

Market Competition and Expansion:

There is literally no competition for this type of restaurant anywhere in the Dallas / Ft. Worth area. All of their business comes from word of mouth with large amounts of repeat business that come to this unique setting from all around the area. Potential Growth: Increase the hours from 35 to 56. Advertise on Social media and the Chamber of Commerce. Offer more delivery options through Door Dash, Uber Eats etc. Increase catering opportunities in the community. Add additional seating inside and outside the restaurant. Add liquor license. Owner will train and consult on recipes, operations, and suppliers. Low and Flexible lease with options to purchase building. Website and Facebook has over 2000 followers.

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.

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