Far North Dallas Restaurant with Patio

Dallas, TX
Dallas County

Far North Dallas

Asking Price: Annual Revenue:
$150,000 $400,352

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Far North Dallas Restaurant with Patio Broker: Erin Bonner, LREB

Quick Facts

Asking Price: $150,000
Annual Revenue: $400,352
Net Profit: Not Disclosed
Cash Flow: $78,959
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 9
BBN Listing #: 2676076
Broker Reference #: EBF1201

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Business Overview:

Casual fine dining sit down 30+ year iconic reputation. Known for its high menu quality, it often draws customers from well beyond its geographical area.

Pre-Covid, Delivery was offered as well as Catering. Sales for 2020 not yet available. Suffice it to say the restaurant took a big hit in 2020. At this point it needs marketing which it basically has never had. They have been doing some pick up business.

Full TABC license. Short hours relatively speaking for a full-service restaurant with wine and alcohol sales.

Disclosure (NDA) must be signed prior to learning more about the restaurant other than what is written in this ad which Seller approved. Thank you in advance for your understanding and your discretion.

Lunch/Dinner 7 days – not late night hours though. 9 employees (fluctuates- they have been operating with fewer employees throughout Covid)

2019 – “Cash Flow” = Discretionary Earnings. 2019 based on third party outside accountant-prepared P & L on a tax return basis (and 2015-2018 available at the appropriate time).

Seller will train/transition for 30 days included in purchase price.

This business is marketed to be sold via an asset transaction vehicle versus a securities vehicle. This listing constitutes neither a solicitation to buy nor an offer to sell securities.

Listing Broker Firm: Erin Bonner Independent Transaction Broker, Call for NDA

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Property Features and Assets:

Approximately +/- 3,350 square feet, Lease expires 2023 for current owner.

Market Competition and Expansion:

This far N Dallas/Carrollton/Addison/Plano market area continues to experience growth. Dallas-Ft. Worth is one of the highest growth areas in the country, both in population as well as recent economic growth. Yes, there are competitors, but very few with such a loyal following. Growth & Expansion: New ownership could explore extending the evening hours to garner more late-night dessert and bar business (after Covid) That being said, even without extending the hours of operation, a savvy buyer could also actually develop a marketing strategy - as the ownership has been resting on its laurels so to speak, relying on repeat and referrals – with virtually no marketing.

Reason for Selling:

Ready to retire from business ownership.

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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