Profitable Far North Dallas Restaurant with Patio

Dallas, TX (Dallas County)

Profitable Far North Dallas Restaurant with Patio
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Asking Price: $180,000

Cash Flow: $72,423

Gross Revenue: $419,741

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1989

Profitable Far North Dallas Restaurant with Patio

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Business Description

Profitable casual fine dining sit down 30+ yr. 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+ yr. 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)

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 214-236-1099 or email Broker: erin@libertyexchange.com for the NDA.

Detailed Information

Location:
Dallas, TX
Facilities:
Approximately +/- 3,250 sq. ft., Lease expires 2023 for current owner.
Competition:
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 & 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.
Support & Training:
Seller will train/transition for 30 days included in purchase price.
Reason for Selling:
Ready to retire from business ownership
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(from currently available funds)
 
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Erin Bonner

Business Listed By:
Erin Bonner

LibertyExchange.com Network

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Sponsoring Broker:
Liberty Exchange.com Various Brokers

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