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Prime location high-end seafood restaurant with a full bar is now available for acquisition. This business is a premier and authentic seafood restaurant that has been serving the DFW area and beyond since 2012. This business was established by the previous owner in 2012 and was acquired by the current owner in 2018. The current owner decided to relocate the business for expansion and relocated to its current location in Feb 2021. Since relocating to the current location from the previous location, despite only operating for less than a year at the current location, the overall sales have rebounded nicely. The biggest factors have been the location and the different demographics, which the current location has customers that are in the upper-income bracket. The majority of the customers are high-income Caucasian individuals and families, along with a good mix of other demographics from the surrounding highly affluent residential area. Gross sales of this business have rapidly grown for the first 2 years of operation. The growth has been temporarily halted due to COVID-19 in 2020, but the loss from COVID-19 has already been recovered to 90% of the pre-COVID normal sales level. This business has done very well with its groundwork, poised for next-level growth. Since the relocation, the business has already acquired regular customers from the current area as well as other from the surrounding area who continues to visit the restaurant. This business has a good reputation in the community and is fully staffed with experienced employees and is a great opportunity for the buyer to realize its full financial potential as more customers return to the dining scene.
Furniture, Fixtures & Equipment: $200,000 (Included in listed price)
Inventory: $15,000 (Included in listed price)
Financing: 100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2012
Facilities: The business occupies 5,430 SF end-space of a retail strip center next to high traffic road and is surrounded by densely populated residential neighborhoods. Most of the major equipment is brand new and is in excellent condition. The business was relocated to its current location in early 2021.
Support/Training: The owner will provide sufficient training for an agreed-upon period to allow the transition into the business as seamlessly as possible.
Reason Selling: The owner wants to focus more on the other business.
Competition: There is no competitor within the immediate market area of this business.
Growth And Expansion: The current owner is actively marketing through its brand new website, Facebook, local news, flyers, etc., and working on other marketing, such as wine dinners, comedy nights, fundraisers, spirit nights for schools. Additionally, billboard advertising can highly increase the exposure of the business and will attract a number of new customers to the business. Also by adding a brunch menu on the weekends, it will generate an immediate additional revenue.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.