Business Overview

The business launched in March 2019, with steady financial improvements. All heavy lifting has been done to step in and run a profitable restaurant located in one of the most significant and most exciting mixed-use developments in the United States. Highly-rated and specializing in healthy, fresh, and authentic Greek meals, this restaurant shines as a fast-casual concept — one of the fastest-growing segments in the restaurant industry.

It is located as a corner tenant in one of the hottest developments in North Dallas with like-new FF&E and superior tenant improvements. The asking price includes handsome cash flowing and growing business, plus two other prime territories for future expansion. The owner works part-time in the restaurant and has management in place. Full-time owner-operator would gain significant additional owner’s benefit by eliminating payroll.

The seller is relocating and has priced attractively below replacement value. However, the buyer will need to be approved by the franchisor, attend mandatory training, and pay the franchise transfer fee.

The business launched in March 2019, with steady financial improvements. All heavy lifting has been done, to step in and run a profitable restaurant located in one of the hottest, fastest-growing developments in the Metroplex. This fast-casual concept is one of the fastest-growing segment in the restaurant industry.

Highly rated and affordably priced below replacement value, this fast, casual restaurant is differentiated with fresh ingredients and time-tested recipes. There is not a lot of competition for quality Greek restaurants in the Metroplex.

Excellent turnkey business to step in and grow. The area is slated for additional expansion over the next few years with unlimited potential.

Financial

  • Asking Price: $525,000
  • Cash Flow: $148,477
  • Gross Revenue: $1,251,781
  • EBITDA: N/A
  • FF&E: $190,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,210
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

family

Additional Info

The business was started in 2019, making the business 3 years old.
The deal will include inventory valued at $10,000, which is included in the listing price.

The business has 13 employees and resides in a building with disclosed square footage of 2,210 sq ft.
The property is leased by the company for $8,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other factors. This is why it is extremely vital that you not count totally on a vendor's word, yet rather, use the seller's solution along with your total due diligence. This will paint an extra practical image of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in new customers? Most times, operating businesses have repeat customers, which form the core of their everyday earnings. Specific variables such as brand-new competition growing up around the area, roadway building, and also employee turn over can affect repeat customers and also adversely influence future revenues. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the better the chance to construct a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood typical family income influence future income prospects?