Seller's Contact Information
- RE: Meditteranean Restaurant In Dallas
- Contact: Moon Kim
- License #: 567204
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $722,761 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $162,395 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2003 | |
| Employees: | 6 | |
| BBN Listing #: | 271819188 | |
| Broker Reference #: | 001176 |
Business Overview:
Well-established Persian/Mediterranean restaurant with consistent sales in far North Dallas is now available for acquisition. This business was originally established by the current owner in 2003. The restaurant prides itself on its authentic dishes made from a family recipe that's been perfected for many years. They specialize in Ghormesabzi, Kabobs, Gyro sandwiches, and many other authentic dishes. The restaurant also includes a small grocery section inside, which sells Mediterranean/Persian items such as oils, spices, cheeses, and much more that you can't find elsewhere. It is located in the rapidly growing North Dallas area, where you can find lots of businesses and residentials to cater to. Gross sales before Covid 19 were above $550,000 and growing but during the pandemic, it lost over a third of revenue. It is back on track to doing $550,000 sales with finishing 2021 at $490,000 sales. The restaurant is currently run by a husband and wife team that oversees and operates daily operations. The restaurant currently has 6 employees which consist of 3 full time for the BOH and 3 part-time servers. The new owner can grow this business exponentially by adding a lunch buffet which was halted during Covid and the restaurant currently does not offer any 3rd party delivery services such as Uber, Grubhub, and door dash. While the current owner does do some marketing such as social media platforms and google ads the clientele tends to be mainly in their mid-thirties. The new owner can reach out to local foodies/influencers to reach a much broader clientele as North Dallas continues to diversify. This is an incredible opportunity to purchase one of the few authentic Mediterranean/Persian restaurants with a long history in the North Dallas community. The sky is the limit with someone with restaurant experience and some creative marketing.
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Property Features and Assets:
This business is located in a 2,210 Square Feet space of a retail strip center in a rapidly growing area of North Dallas. / Inventory: $4,000 (Included in listed price).
Market Competition and Expansion:
Competition: There are few competitors in the area but this establishment has a very loyal clientele base as its been established in the area for 19 years and the area has a strong growing demand for Persian/Mediterranean food. Growth and Expansion: The restaurant was offering a lunch buffet until covid. The new owner can start the lunch buffet again to grow lunch sales. All buffet equipment is ready to go but will need 2 additional staff.
Reason for Selling:
Retirement
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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