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Meditteranean Restaurant In Dallas For Sale

N Dallas, Dallas County, Texas, US
Asking Price:
$299,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$746,637
Cash Flow:
$155,812

Restaurant for sale Dallas serving Mediterranean food. Well-established Persian/Mediterranean restaurant with consistent sales in far North Dallas is now available for acquisition. This business was originally established by the current owner in 2003. The restaurant prides itself on authentic dishes made from a family recipe that's been perfected for many years. They specialize in Ghormesabzi, Kabobs, Gyro sandwiches, and many other authentic dishes. The restaurant also includes a small grocery section, which sells Mediterranean/Persian items such as oils, spices, cheeses, and much more you can't find elsewhere. It is located in the rapidly growing North Dallas area, where you can find many businesses and residentials to cater to. Gross sales before Covid 19 were above 550k and growing, but during the pandemic, it lost over a third of its revenue. It is back on track to 550k sales, finishing 2021 at 490k. The restaurant is run by a husband and wife team that oversees and operates daily operations. The restaurant currently has six employees consisting of 3 full time for the BOH and three part-time servers. The new owner can grow this business exponentially by adding a lunch buffet halted during Covid. The restaurant currently does not offer any 3rd party delivery services such as Uber, Grubhub, or door dash. While the current owner does some marketing, such as social media platforms and google ads, the clientele tends to be mainly mid-thirties. The new owner can reach out to local foodies/influencers to reach a broader clientele as North Dallas diversifies. This is an incredible opportunity to purchase one of the few authentic Mediterranean/Persian restaurants with a long history in the North Dallas community. The sky is the limit with someone with restaurant experience and some creative marketing.

Property Information

Real Estate:

Lease

Location:

This business is located in a 2,210 SF space of a retail strip center in a rapidly growing area of North Dallas.

Size in square feet:
2,210 SF

Business Operation

Expansion Potential:

The restaurant was offering a lunch buffet until covid. The new owner can start the lunch buffet again to grow lunch sales. All buffet equipment is ready to go but will need two additional staff.

Competition / Market:

There are few competitors in the area, but this establishment has a very loyal clientele base as it has been in the area for 19 years and has a strong growing demand for Persian/Mediterranean food.

Reasons for selling:

Retirement

Employees:
3FT/3PT
Years established:
2003

Other Information

Support & training:

The seller will train for a smooth transition.

Financing available:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$4,000 - included in the asking price
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