Authentic Mediterranean restaurant located in a prime retail strip center in North Dallas is available for acquisition. This restaurant was built and established from ground-up in late 2014 by the owner of the business. No true competition is within the immediate market area that specializes in authentic Mediterranean cuisine. Due to the city being a well-known area of high-income individuals, the bulk of the customers are from the nearby neighborhoods of expensive real estate and are well within the mid-30s age group along with seniors. Dine-in sales are consistently growing every year, and catering sales has huge potential on growth once the proper marketing strategies are in place. Every month AD pages are used to market this business to the surrounding areas, but other various marketing tactics are needed to truly reach the full potential of this business. Marketing through social media, happy hour, daily deals, and delivery service will attract a new group of younger customers which will generate more revenue. The vacant space next door can be used to expand this business which would increase seating capacity as well as possibility of an expansion of the current menu to accommodate the increase in SF. Their menu consists of Greek salads, various appetizers, gyro wraps, Mediterranean grill plates, and kids menu for families. Whole menu was designed for quick service and fast prep-time which can be altered to include more items that attract other groups of customers. As the only authentic Mediterranean Restaurant in the area, this business can dominate this upscale city and generate incredible revenue after proper use of marketing.
Furniture, Fixtures & Equipment: $50,000 (Included in listed price)
Inventory: $1,500 (Included in listed price)
Financing: 100% down at the time of Closing or 50% Cash Down with SBA Financing for Qualified Buyers with industry experience
Year Established: 2014
Facilities: Located in a 1,395 SF retail strip center that is anchored by a nationwide grocery chain and many nationwide retailers. Catering equipment is included as well as all equipment is in impeccable condition and in working order. Support/Training: Owner will provide training during a 2 week period for a smooth transition into the business.
Reason Selling: Other Opportunities.
Competition: No competition in the immediate area that specializes in authentic Mediterranean cuisine.
Growth And Expansion: Ad pages are used every month to advertise to nearby areas, but other forms of marketing is needed to attract new groups of customers to this business.
Asking Price $70,000
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