Prime Location Seafood Restaurant With Bar

Not Disclosed, TX
Tarrant County

Colleyville


Asking Price: Annual Revenue:
$559,000 $814,080

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Prime Location Seafood Restaurant With Bar Broker: Kevin Chung
License #: 567204

Quick Facts

Asking Price: $559,000
Annual Revenue: $814,080
Net Profit: Not Disclosed
Cash Flow: $225,381
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 15
BBN Listing #: 859319188
Broker Reference #: 001114

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Business Overview:

Prime location high-end seafood restaurant with a full bar is now available for acquisition. This business is a premier and authentic seafood restaurant that has been serving the DFW area and beyond since 2012. This business was established by the previous owner in 2012 and was acquired by the current owner in 2018. The current owner decided to relocate the business for expansion and relocated to its current location in Feb 2021. Since relocating to the current location from the previous location, despite only operating for less than a year at the current location, the overall sales have rebounded nicely. The biggest factors have been the location and the different demographics, which the current location has customers that are in the upper-income bracket. The majority of the customers are high-income Caucasian individuals and families, along with a good mix of other demographics from the surrounding highly affluent residential area. Gross sales of this business have rapidly grown for the first 2 years of operation. The growth has been temporarily halted due to COVID-19 in 2020, but the loss from COVID-19 has already been recovered to 90% of the pre-COVID normal sales level. This business has done very well with its groundwork, poised for next-level growth. Since the relocation, the business has already acquired regular customers from the current area as well as other from the surrounding area who continues to visit the restaurant. This business has a good reputation in the community and is fully staffed with experienced employees and is a great opportunity for the buyer to realize its full financial potential as more customers return to the dining scene.

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Property Features and Assets:

The business occupies 5,430 Square Feet end-space of a retail strip center next to high traffic road and is surrounded by densely populated residential neighborhoods. Most of the major equipment is brand new and is in excellent condition. The business was relocated to its current location in early 2021. / Inventory: $15,000 (Included in listed price).

Market Competition and Expansion:

Competition: There is no competitor within the immediate market area of this business. Growth and Expansion: The current owner is actively marketing through its brand new website, Facebook, local news, flyers, etc., and working on other marketing, such as wine dinners, comedy nights, fundraisers, spirit nights for schools. Additionally, billboard advertising can highly increase the exposure of the business and will attract a number of new customers to the business. Also by adding a brunch menu on the weekends, it will generate an immediate additional revenue.

Reason for Selling:

The owner wants to focus more on the other business.

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.

Documents:

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