Business Overview

This is a delightful Mediterranean carryout restaurant located on a very high traffic volume street in the Dallas/Fort Worth metroplex. It did exceptionally well, compared to many other restaurants, during the pandemic, because they pivoted immediately to carryout, versus sit-down dining. When they did so, their volume of carryout traffic increased dramatically. The restaurant has become increasingly popular – not just among residents of surrounding neighborhoods. Customers from other communities are making special trips to enjoy the consistently delicious food and friendly service. The owner has owned restaurants and other types of businesses since a very young age and has now reached a point in his life at which it is time to move on.

Financial

  • Asking Price: $435,000
  • Cash Flow: $123,000
  • Gross Revenue: $633,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $3,850
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,500
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Well maintained facility on a strip mall facing the main street

Additional Info

The business was founded in 2016, making the business 6 years old.
The transaction won't include inventory valued at $3,850*, which ins't included in the requested price.

The company has 7 employees and is located in a building with estimated square footage of 3,500 sq ft.
The property is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell operating businesses. However, the genuine factor and the one they tell you may be 2 entirely different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in incomes, or an array of various other factors. This is why it is very important that you not count totally on a vendor's word, but instead, utilize the seller's response together with your general due diligence. This will paint a more realistic image of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too thin. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new consumers? Most times, operating businesses have repeat clients, which form the core of their daily earnings. Particular aspects such as new competition sprouting up around the location, roadway building and construction, and also personnel turnover can affect repeat customers and also adversely affect future incomes. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the possibility to build a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local median family income impact future revenue potential?