Business Overview

Prime open mall location franchise BBQ restaurant in West Dallas is available for acquisition. This business was established by the current owner in 2019. This business is occupied in a 1,870 SF space of an open mall that is surrounded by numerous apartment complexes and corporate businesses that bring tremendous traffic to the area. Various menu items are provided at this franchise BBQ restaurant that ranges from smoked meats, sandwiches, ribs, wings, kid’s meals, desserts, and various sides and drinks to accommodate each entree. Competition is expected with other types of restaurants, but this is the only restaurant serving barbeque in this open mall. Overall demographics of this BBQ restaurant are individuals from surrounding area and office employees that visit the mall during their lunch hours. Gross sales average for this sub shop has been in approximately $300,000/year coupled with some marketing. Although some marketing is in place by corporate through their website and social media outlet, more of store-level proactive marketing methods such as flyers, direct mailing, emailing, student discount, loyalty program, etc. need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Starting a 3rd party delivery service such as Grubhub or Door dash to the local area will boost the sales by reaching out to customers within untapped areas of the business. Marketing efforts on catering service to corporate offices and headquarters nearby and medical offices can also greatly improve the sales as a catering business still remain under-served. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Listing ID #000992
For more info, please call Stephen Lee at 1-866-519-2421.

Financial

  • Asking Price: $99,000
  • Cash Flow: $60,000
  • Gross Revenue: $300,000
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $4,000
  • Inventory Included: N/A
  • 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:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business is located in a 1,870 SF space of an open mall that is surrounded by numerous apartment complexes and corporate businesses that attract immense traffic.

Is Support & Training Included:

The owner of the business will provide ample training for a smooth transition into the business operation.

Purpose For Selling:

Other Opportunities

Pros and Cons:

There are no competitors within the immediate market area.

Opportunities and Growth:

Some marketing is in place through corporate ADs, but other proactive marketing methods needs to be fully utilized to generate more revenue.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was established in 2019, making the business 3 years old.
The sale doesn't include inventory valued at $4,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. However, the real factor vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of various other factors. This is why it is really crucial that you not depend entirely on a seller's word, but instead, utilize the seller's solution along with your total due diligence. This will paint a much more realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too tight. Many businesses 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 may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in new clients? Many times, companies have repeat consumers, which create the core of their everyday revenues. Specific elements such as new competition sprouting up around the location, roadway building and construction, and also employee turnover can impact repeat consumers and also adversely influence future earnings. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the better the chance to construct a returning client base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood average family earnings influence future income potential?