An established Mediterranean and Italian cuisine restaurant and event center is now on the market for acquisition. This venue hosts a variety of events, including karaoke nights, wedding celebrations, belly dancing, live music and DJ and other private gatherings. With over 30 years of history, the restaurant has built a strong clientele. The menu boasts a diverse selection of Mediterranean and Italian dishes like beef and chicken kabobs, lamb, fish, lasagna, spaghetti, falafel, stews, salads, stuffed grape leaves, calamari, and various appetizers and desserts. Complementing the offerings is a full bar with live entertainment like belly dancing on weekends. Sales are steadily increasing, driven by a rise in private event bookings due to the gorgeous interior and value the customers receive for the events. Situated in Dallas at the end of a retail strip center on a high-traffic street, the restaurant attracts a predominantly mid to upper-class clientele. Despite the competition, its reputation for top-quality food and service has garnered a loyal customer base over the decades, drawing regulars from across the metroplex. While some marketing is done through third-party sites, positive word-of-mouth and glowing Google and Yelp reviews also contribute to its success. There's potential to ramp up marketing efforts for greater visibility. As the buzz grows, the event business is expected to keep thriving. The current owner oversees weekend events and handles bookkeeping. This opportunity is ideal for a buyer with industry expertise to lead the restaurant forward.
- Asking Price:
- $259,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $723,680
- Cash Flow:
- $137,457
Property Information
- Real Estate:
-
Lease
- Location:
-
The restaurant, in Dallas, sits at the end cap of a retail strip within walking distance to a very busy shopping center and densely populated neighborhoods with upscale single-family homes and apartment complexes. The restaurant facility is 4,000 sq. ft., and all the equipment is in excellent working condition.
- Size in square feet:
- 4,000 SF
Business Operation
- Expansion Potential:
-
There's potential to ramp up marketing efforts for greater visibility. As the buzz grows, the event business is expected to continue thriving.
- Competition / Market:
-
Even though there are other restaurants around with similar cuisine, this one stands out for its top-notch food and service. The restaurant has also acquired a loyal following over the many years of its establishment. People love it so much that some travel from all over the metroplex to dine here.
- Reasons for selling:
-
Burnt out
- Employees:
- 3FT/3PT
- Years established:
- 1992
Other Information
- Support & training:
-
The owner will provide training for an agreed up period of time to allow a smooth transition into the business.
- Financing available:
-
100% down at the closing.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
