Seller's Contact Information
- RE: Homestyle American Eatery
- Contact: Stephen Lee
- License #: 567204
Quick Facts
| Asking Price: | $599,000 | |
| Annual Revenue: | $1,496,850 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $236,885 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 27 | |
| BBN Listing #: | 859519188 | |
| Broker Reference #: | 001192 |
Business Overview:
A Texas-themed, community restaurant with a full bar in a fast-growing city in the North area of Dallas is available for acquisition. The previous owner established the business in 2004, and it was later acquired in 2013 by the current owner. Various menu items provided at this southern-style restaurant range from appetizers, salads, brunch, burgers, sandwiches, Tex-Mex, and homemade pies. Most of the customers are middle to upper-class individuals and families from nearby densely populated residential neighborhoods, and the restaurant has accumulated a solid repeat customer base for its 18 years of operation. The gross sales of this American restaurant have doubled from $600,000 to over $1.3mil from the years 2018 to 2021 and are projected to keep growing as the area keeps growing. Although there is some competition in the area, the restaurant concept has resonated with the locals and customers from the surrounding areas nearby. Marketing in the local area through events and promotions has brought the local community to support this business as a stable in the area. Additional marketing in the local area will allow this business to grow further and thrive in the current marketplace. This restaurant is a perfect opportunity for restaurateurs who loves to be part of a growing community and enjoy making friends while serving great food and beverages.
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Property Features and Assets:
This business is located in a 3,255 Square Feet space of a Retail Strip Center in a fast-growing city North of Dallas with huge population growth. / Inventory: $4,000 (Included in listed price).
Market Competition and Expansion:
Competition: There are few competitors in the area but the area the business resides in is growing very rapidly. Growth and Expansion: This business will have a very natural organic growth due to the rapid expansion of the area and residents moving in, along with adding catering orders and hosting additional events.
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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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