Prime Location Fast Food Seafood Restaurant #000329

Fort Worth, TX (Tarrant County)

Prime Location Fast Food Seafood Restaurant #000329

Asking Price:$149,000

Cash Flow:$123,900

Gross Revenue:$568,800

EBITDA:N/A

FF&E:$160,000

Inventory:$8,000*

Lease Rate/Sq. Ft.:N/A

Established:2013

*not included in asking price.

Prime Location Fast Food Seafood Restaurant #000329

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Business Description

Prime location New Orleans style seafood restaurant in Southwest Dallas is available for acquisition. Established in 2013 and was later acquired by the current owner in mid-2015. Few competitors are within the immediate market area including some new seafood restaurants, but this is the only New Orleans style seafood restaurant in the area and provides delivery service that other competitors don’t provide. While the majority of the customers are middle to upper class individuals, there's a diverse range of ethnic groups of all age groups. Sales averages are $560,000 - $570,000/year with growing numbers for 2016 after extensive marketing. Owner of the business has done extensive marketing in the local area such as flyers, website, social media, delivery, and supermarket coupons. Various methods of marketing is still untapped such as the sale of liquor and weekly specials which can be used to further increase the yearly revenue of this business. There's been a drastic increase in sales after the proactive marketing that was done during the last year of acquisition. Addition of sports channels (Pay-Per-View) during sporting events could also provide an ample boost to the current sales by bringing in a new younger crowd of targeted customers. Their menu has various items such as gourmet fries, calamari, shrimp cocktail, boiled shrimp, boiled crab legs, boiled crawfish, po-boy sandwiches, fried seafood platters, fried chicken wings, and other southern seafood cuisines. Widely known throughout the local area, New Orleans style food from this seafood restaurant is becoming popular through the extensive marketing the owner has provided and the delivery service which local customers use on a weekly basis.
For more info, please call Emilio Marin at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
5FT/5PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in 2,300 SF retail strip center in a prime spot for large amount of customer traffic. All equipment is in impeccable condition and in working order.
Competition:
Couple competitors have recently opened within the immediate market area, but the competitive advantage of this business is this is the only exclusive New Orleans style seafood in the area along with delivery service for nearby area.
Growth & Expansion:
All forms of marketing is done to proactively market this business, but this business can potentially increase sales by the sale of liquor and weekly specials of menu items/drinks.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner of the business will provide a 2 week training period for a smooth transition into the business.
Reason for Selling:
Other Opportunities.

Listing Statistics for Premium Members

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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