Restaurant for sale Dallas serving Mediterranean food

Dallas County, TX
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Asking Price:$299,000
Gross Revenue:$746,637
FF&E:$50,000
Cash Flow:$155,812
Inventory:$4,000
Established Year:2003
BUSINESS DESCRIPTION

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.

Listing ID #001176


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Dallas County, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,210
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business is located in a 2,210 SF space of a retail strip center in a rapidly growing area of North Dallas.
Competition
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.
Growth & Expansion
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.
Financing
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training
The seller will train for a smooth transition.
Reason for Selling
Retirement
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