Scalable Niche Upscale Casual Deep Ellum Restaurant 19749

Dallas, TX (Dallas County)

Seller Financing Available
Scalable Niche Upscale Casual Deep Ellum Restaurant 19749

Asking Price:$125,000

Cash Flow:$150,000

Gross Revenue:$1,000,000

EBITDA:$150,000

FF&E:$65,000

Inventory:$7,000

Rate/Sq. Ft.:N/A

Established:2014

Scalable Niche Upscale Casual Deep Ellum Restaurant 19749

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Business Description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a niche casual upscale restaurant bar serving foodies and food socialites. Located in the heart of Deep Ellum, the business is an exciting, highly awarded and dynamic concept that regularly challenges the status quo. The culinary team creates customer excitement and marketing zest, buzz and attention.
The restaurant is surrounded by paid (and some free) parking and has easy access to bus stops and DART rail. Deep Ellum is best known for its music scene, eclectic roots and rich history; it is a popular residential community and dining/entertainment destination.
The restaurant's target market is 32 – 55 year olds and those who consider themselves “foodies” and on-trend with Dallas’ bustling dining scene. A dedicated following includes ~3,200-3,500 email subscribers and ~5,000+ Facebook followers. The Management team has been with business for ~ 2+ years and is expected to stay. The restaurant has developed a loyal and dedicated clientele with many exciting and scalable growth opportunities for an owner-operator.
The asking price for the assets of the business is $125,000 ALL-CASH or $150,000 with $75,000 cash down plus $75,000 seller financing to qualified purchaser approved by the seller. The assets include inventory at cost of $7,000 and FFE (Furniture, Fixtures and Equipment) valued at $65,000. A purchaser will need to assume 1) outstanding gift certificates/cards (estimated at approximately $1,000), 2) two dishwashers lease (approximately $269/mo) and 3) ice machine lease (approximately $145/mo).

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant consists of ~2,000 SF on a busy street in Deep Ellum. The main dining room seats ~50. The restaurant has a full service bar, dining area, opportunity for a separate private dining room (seats ~30), large fully-equipped kitchen-prep area, dry storage, office, restrooms. The ~2000 SF retail space is currently leased for ~$4,375 plus ~$549 NNN charge, lease expiring approximately Sept. 2021. The security deposit is ~$4,375. Approximately 75% of the space is utilized.
Competition:
The food service industry is very competitive and Dallas is no exception. The local market has a range from small local mom & pop’s to large international food chains. However, the seller believes that this concept is unique and unlike any other in the US.
Growth & Expansion:
This is a strong location with high visibility and excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Continue expanding hours, 2) Maintain buzz, excitement and promotion, 3) Expand into private dining room, 4) Consider adding a private dining coordinator, 5) Internet marketing via website, emails, Yelp, …, 6) Scale concept to other locations, cities, 7) Explore franchising or licensing
Financing:
Price $125,000 ALL-CASH or $150k with $75K down & $75k seller-financing
Support & Training:
The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, in a consulting role, if desired by a purchaser, at mutually agreed compensation.
Reason for Selling:
The seller is a serial entrepreneur and is moving to their next project

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MegaBite Restaurant & Bar Brokers

Business Listed By:
MegaBite Restaurant & Bar Brokers

Adam Noble Group

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Sponsoring Broker:
Jeff Adam

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