Business Overview

Fully equipped large Mediterranean restaurant with Hookah Lounge for sale in Denton in a busy location. This restaurant has generated revenues in excess of $350,000 with great cash flow for multiple years but due to the health conditions, the owner has not been able to focus on it for the last one year and is now willing to let it go to ideally an owner-operator to take this business to the next level. A fantastic opportunity for an Owner Operator to get a foot in the door of the restaurant industry without having to pay for an entire build-out from scratch The seating capacity for this restaurant is over 100. They have an excellent menu but certainly can be modified as well as prices to be adjusted for profitability based on the increased cost of goods seen by the market post COVID. They are set up with Doordash and Uber eat. The restaurant is not operating at it’s full capacity and is open with reduced hours. If you are looking for a turn-key fully operational Mediterranean restaurant in a great location with lots of growth potential, look no further. Contact us before this HOT OPPORTUNITY goes away.

Financial

  • Asking Price: $99,000
  • Cash Flow: $63,000
  • Gross Revenue: $335,000
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $2,000
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Very clean, all equipment in great condition and ready for business. Located in a busy location.

Is Support & Training Included:

Can be arranged for reasonable transition training for the buyer if needed.

Purpose For Selling:

Health / Retirment

Pros and Cons:

This is a great market to be in with all the movement and increase in the population of Denton city. Not many restaurants have the same concept and very limited options for Hookah lounges across the town.

Opportunities and Growth:

The potential to expand is limitless! The store is located in a great location. The owner is not doing much active marketing as they are unable to support the demand it will generate based on his health condition. The potential for increasing sales is even higher with adding your own delivery drivers and active marketing on social media etc.

Additional Info

The company was started in 2013, making the business 9 years old.
The sale will include inventory valued at $2,000, which is included in the listing price.

The real estate is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell companies. However, the genuine reason and the one they say to you might be 2 totally different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in profits, or a variety of other factors. This is why it is extremely essential that you not depend completely on a seller's word, but instead, utilize the seller's response combined with your general due diligence. This will paint an extra sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items like stock, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new consumers? Most times, businesses have repeat customers, which develop the core of their daily earnings. Certain variables such as new competition growing up around the area, road construction, and also personnel turnover can influence repeat consumers and adversely affect future earnings. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood median family earnings influence future income potential?