Profitable Far North Dallas Restaurant with Patio

Dallas, TX
Dallas County

Asking Price: Annual Revenue:
$180,000 $419,741

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Far North Dallas Restaurant with Patio Broker: Erin Bonner, Independent Intermediary Broker

Quick Facts

Asking Price: $180,000
Annual Revenue: $419,741
Net Profit: Not Disclosed
Cash Flow: $72,423
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1989
Employees: Not Disclosed
BBN Listing #: 15056076
Broker Reference #: EBF1201

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Business Overview:

Profitable casual fine dining sit down 30+ year iconic reputation. Known for its high menu qualityWhy reinvent the wheel when you can own this jewel of a restaurant and build upon its 30+ year iconic reputation. Known for its high menu quality, it often draws customers from well beyond its geographical area.

Delivery offered Catering offered. Casual Dining with Fine Dishes.

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

Please understand this sale is highly confidential, and a Non-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)

2018 – “Cash Flow” = Discretionary Earnings. 2018 based on third party outside accountant-prepared P & L on a tax return basis (and 2015-2017 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 or email Broker: for the 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 POTENTIAL & EXPANSION - New ownership could explore extending the evening hours to garner more late-night dessert and bar business. 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.

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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