NOT DISCLOSED, Texas
| Asking Price |
$1,050,000 |
Year Established |
2023 |
|
| Annual Revenue |
$1,947,680 |
Reason for Selling |
Personal Reasons |
|
| Annual P/L |
$0 |
Attention |
Joseph Kim |
|
| Annual Cash Flow |
$366,230 |
Listing Number |
1016099 |
|
| # of Employees |
20 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
A dinner only restaurant with over $2 Million in Revenue is available for acquisition. Established in 2023, this dining destination offers high-quality Italian dishes during dinner service, with additional services including dine-in, catering, private events, and wine pairing dinners restaurant has built a strong following.
Located in Northwest Dallas, the restaurant is situated in a retail strip along a busy intersection, providing excellent visibility in a affluent residential area. The space is 3,107 sqft, serving a clientele of high-income individuals and families.
Competition in the area is minimal, with no direct competitors nearby. The restaurant stands out due to its food, service and upscale atmosphere, all of which have been enhanced by a recent $400,000 investment in renovations. The restaurant also features brand-new, top-of-the-line kitchen equipment from the renovations, enabling smooth operations and efficiency.
Marketing efforts are handled by a third-party company, managing SEO and website presence, while word of mouth has also played a key role in building the customer base. There is significant growth potential, with the possibility of expanding into an adjacent space, allowing for increased capacity and expanded offerings. Opening the 7th day or lunch service will help increase revenue.
Currently they do not offer Uber Eats, Door Dash etc which is a missed opportunity in an affluent area like this.
The current owner is involved for FOH services, payroll, hiring and firing, and paying bills on a part time basis. This role can be easily replaced by a manager. Due to personal reasons, the owner is seeking a qualified buyer to take over this well-established business, offering a prime opportunity to acquire a newly renovated, upscale restaurant with a strong reputation and growing revenue.
**Dinner only**
**$400,000 in renovation**
**Brand New Equipment**
Property Features and Assets:
<p>Located in one of the most affluent cities in Northeast Fort Worth, the restaurant occupies a 3,107 SF space situated in a retail strip along a busy intersection. / Inventory: $50,000 (Not Included in listed price).<br></p>
Market Competition and Expansion:
<p>Competition: Competition in the area is minimal, with no direct competitors nearby. / Growth and Expansion: There is significant growth potential, with the possibility of expanding into an adjacent space or expanding business hours to be open for brunch on the weekends.<br><br>Adding 3rd party delivery such as uber eat, doordash etc.<br><br><br></p>
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