Mediterranean Restaurant with Consistent Sales

Not Disclosed, TX
Collin County

Far Northeast Dallas


Asking Price: Annual Revenue:
$180,000 $300,030

Food & Beverage: Miscellaneous


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RE: Mediterranean Restaurant with Consistent Sales Broker: Stephen Lee

Quick Facts

Asking Price: $180,000
Annual Revenue: $300,030
Net Profit: Not Disclosed
Cash Flow: $99,390
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 4
BBN Listing #: 369719188
Broker Reference #: 001071

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Business Overview:

A well-established Mediterranean restaurant with consistent sales in far Northeast Dallas is now available for acquisition. This business was originally established by the current owner in 2014. Various menu items are provided at this restaurant ranging from appetizers, salads, entrees/dinners, Indian curries & Biryani, pita wraps, kid's menu, sides/extras, lunches menu, etc. There are some other restaurants in the area; however, the biggest competitive edge this restaurant has over other competitors is the freshness and quality of the products relative to its prices. The prices are very affordable for the quality and portion, and also the location is great as it is located right next to a major road, which brings immense foot traffic to the area. Additionally, this is the only Mediterranean restaurant within the immediate market area that is locally owned and isn't a franchise that has a much higher price point and standardized menu items. A majority of customers are middle to upper-class Caucasian individuals and families from surrounding densely populated residential neighborhoods. Gross sales of this restaurant have been consistent for the last several years at around $300,000/year due to its location, very inexpensive price point, and well-established customer base, but the growth has been temporarily halted due to COVID-19 in 2020. Some marketing is in place as of today, such as social media marketing, website, 3rd party delivery, etc., through the current owner. However, various proactive marketing methods still need to be utilized to achieve maximum income potential as well as growing the customer base beyond the immediate market area. Setting up an online booking system will help the business's operation flow much better, allowing this business to enhance the way customers are served and handled. Currently, the seating capacity is limited in the dine-in area due to fewer dine-in orders and increase take-out orders. If a new owner frees up more space through table relocation, the new owner can increase the seating capacity and handle more customers at a given time once individuals feel more comfortable dining in the restaurant. This is a great opportunity to acquire a well-established Mediterranean restaurant for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.

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Property Features and Assets:

This business is located in a 1,320 Square Feet space of a retail strip center next to a major highway surrounded by many businesses and densely populated residential neighborhoods. All equipment is in impeccable condition and in great working order. / Inventory: $1,000 (Included in listed price).

Market Competition and Expansion:

Competition: There are few other restaurants in the area, but this restaurant takes pride in the freshness and quality of the food while having very inexpensive and affordable price points for all types of customers. Also, this is the only Mediterranean restaurant within the immediate market area except one franchise. Growth and Expansion: Some marketing is in place, and proactive marketing methods are still needed to fully utilize to achieve maximum income potential.

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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