Irving Las Colinas Top-rated Home Cooking Diner

Irving, TX
Dallas County

Asking Price: Annual Revenue:
$450,000 $1,047,367

Food & Beverage: Coffee, Cafe, Dessert

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RE: Irving Las Colinas Top-rated Home Cooking Diner Broker: Jeff Adam
Owner Financing is Available!
Price $450,000 CASH: or $550,000 with $350,000 down and $200,000 Seller-financing.

Quick Facts

Asking Price: $450,000
Annual Revenue: $1,047,367
Net Profit: Not Disclosed
Cash Flow: $133,835
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 20
BBN Listing #: 562818963
Broker Reference #: 19898

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Business Overview:

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a spotless, full-service family style restaurant business providing homemade country style breakfast and lunch to customers in the Irving-Las Colinas-Dallas area. Convenient to major highways, the restaurant is famous for great food, quick service and friendly atmosphere. The restaurant features fresh homemade recipes including traditional breakfast fare, chicken fried steak and made from scratch desserts all prepared and served in a spacious, spotless open concept kitchen, dining area plus a large private room. You don’t have to drive miles into the sticks searching for some rumored-to-be “best ever” family style cooking; you will find it right here!
While the owner has created an amazing location and concept, they lack the restaurant industry specific experience to efficiently operate the business. Dissatisfied with an unacceptable situation at their “usual” diner, this successful entrepreneur started the restaurant WITH NO PRIOR FOOD SERVICE EXPERIENCE. They created a menu including daily specials, home cooking as well as healthy meals. They quickly developed a loyal clientele made up of local customers.
As the restaurant’s name and reputation spread, they have continued to win annual awards for their food and customer experience. The founder has pretty much let the staff run the business. The owner has never negotiated, or comparison shopped vendor prices for food, supplies, etc, or managed labor costs. The founder does not manage or operate the business; they simply wanted a great place to eat and, frankly, as long as it did not lose money, they left the business alone.
The owner does NOT work directly in the business and feels that a major advantage over competitors is the seniority and experience of their employees. The server and kitchen team are professional, well-experienced and a major asset to the company. They will benefit from direction and cost management oversight. The customers are happy with the service and food. The owner feels that an industry-knowledgeable, hard-working owner will drastically improve the sales and profits by hands-on owner-operation, managing food and labor costs, adding dinner hours, increasing prices, adding catering and to-go sales. NOTE: CASH FLOW IS BASED ON SAVVY, EXPERIENCED NEW OWNER OPERATING THE BUSINESS TO REDUCE FOOD AND LABOR COSTS.
The asking price for the assets of the business is $450,000 ALL CASH OR $550,000 with $350,000 down with $200,000 seller financing to a purchaser qualified and approved by the Seller. SELLER PREFERS ALL-CASH SALE. The assets include inventory at cost of $14,000 and FFE (Furniture, Fixtures and Equipment) valued at $100,000.
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Property Features and Assets:

The restaurant consists of ~5,700+/- Square Feet and seats approximately. The floorplan consists of a large main dining area plus a second dining area (that can be made a private meeting room including projector and screen), wait stations, large open well-equipped kitchen-prep area, ventahoods, office, dish wash area, dry storage, restrooms, 2 wait stations and storage area. The facility is leased for $4,795+/-/mo + $3,314 NNN for a total monthly lease of $8,108+/-. The 5 year lease contains normal rent increases over the term plus 5-year market option. Owner states that the landlord will offer a long-term lease plus renewal options to a qualified tenant.

Market Competition and Expansion:

Competition:The food service industry is very competitive, and this restaurant is no exception. The local market has a range from small local mom & pop’s to large international food chains. HOWEVER, the Owner feels that no area restaurants offer the food quality, service quality, good food for good price, family atmosphere, cleanliness and sheer enjoyment of this business. Growth & Expansion:This is a strong location with high volume and excellent potential for MUCH higher sales and profits. The seller states that a new savvy, experienced food service owner-operator can continue to grow the business and profits in several ways: 1) reduce food cost by comparison shop between food vendors (never done), 2) hands-on owner operation by an experienced food services management team could reduce food and labor cost to industry norms (could increase profits $100,000-200,000 based on current sales volume), 3) add dinner hours (based on past experience, could increase sales by approximate $400,000 - $500,000), 4) explore improving menu and introducing price increase of 6% (potential increase profits ~$60-120,000), 5) add catering and to go orders (could increase sales by approximate $100,000 - $200,000), 6) local store marketing and promotion, 7) add beer and wine, 8) scale business models to other locations and geographic markets

Reason for Selling:

Retirement from industry.

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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