Business Overview

Quick-serve Mediterranean cuisine restaurant in a top-notch enclosed mall in East Dallas is now available for acquisition. The restaurant was established in 2019 by the current owner of the business. The restaurant is occupied in a 200 SF space of food court in a prime shopping mall located in East Dallas. This premier shopping mall that houses this business is conveniently located in a prime location just off the major highway with tremendous traffic and is surrounded by densely populated neighborhoods with the enormous presence of retail chains all around. Various menu items are provided at this Mediterranean restaurant that ranges from appetizers, soups & salads, pita, Kabob, platters, sandwiches, wraps, desserts & beverages. Most of the customers are in various ethnic groups consisting of individuals and families that have large amounts of disposable income to shop in the premium shopping mall coming from the surrounding neighborhoods and adjacent cities. Competition is expected with other types of restaurants in the food court of the mall, but this is the only Mediterranean restaurant in the mall. Gross sales of this Mediterranean restaurant have been in the range of $140K to 160K per year during the most recent year without any pro-active marketing. The sales are expected to be higher this year as this location opened in 2019 is rapidly growing every month in a double-digit rate. Although minimal marketing is in place, various marketing tactics need to be utilized such as more online and social media outlet presence, 3rd party delivery, direct marketing, coupons, daily special, etc. to acquire new customers from untapped areas of the city. Marketing efforts into catering services to schools, corporations, public agencies, etc. can also greatly improve sales as the catering business has remained untapped by the current owner. This is a great opportunity to acquire a well-established, fast-growing Mediterranean restaurant inside a premier shopping mall for any potential buyer who is willing to be more hands-on in the day to day operation and do more proactive marketing to reach out to untapped areas of the city.

Listing ID #000993
For more info, please call Moon Kim at 1-866-519-2421.

Financial

  • Asking Price: $69,000
  • Cash Flow: N/A
  • Gross Revenue: $150,000
  • EBITDA: N/A
  • FF&E: $10,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business occupied in a 200 SF space of a premier shopping mall in East Dallas. This shopping mall is optimally placed next to major highway and is surrounded by numerous residential areas and enormous presence of business chains which can attract tremendous traffics to the area.

Is Support & Training Included:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

Purpose For Selling:

Other opportunities

Pros and Cons:

This business is the only restaurant serving Mediterranean food in the mall's food court that the business occupied.

Opportunities and Growth:

Minimal marketing is done and proactive marketing methods are needs to be fully utilized to achieve maximum income potential.

Additional Info

The business was established in 2019, making the business 3 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the real reason vs the one they tell you might be 2 entirely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in profits, or a variety of various other factors. This is why it is very crucial that you not rely absolutely on a seller's word, however instead, utilize the seller's answer along with your total due diligence. This will repaint a much more practical image of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Many companies borrow money so as to cover points like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that earnings margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new clients? Most times, companies have repeat consumers, which develop the core of their daily profits. Certain aspects such as brand-new competitors sprouting up around the location, roadway building and construction, and staff turnover can impact repeat customers as well as negatively affect future earnings. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the higher the opportunity to construct a returning client base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood typical house income impact future revenue prospects?