Restaurant for sale Dallas serving Mediterranean food

Asking Price$299,000

Cash Flow
$155,812
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$746,637

Inventory$4,000
Included in asking price
FF&E$50,000
Included in asking price
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Restaurant for sale Dallas serving Mediterranean food


Asking Price$299,000

Cash Flow
$155,812
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$746,637

Inventory$4,000
Included in asking price
FF&E$50,000
Included in asking price
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
About the Business
Years in Operation
22
Number of Employees
6
Facilities & Assets
This business is located in a 2,210 SF space of a retail strip center in a rapidly growing area of North Dallas.
Market Outlook / 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.
Opportunities for Growth
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.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,210
About the Sale
Seller Motivation
Retirement
Transition Support
The seller will train for a smooth transition.
Financing Options
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Listing Info
ID
2399688
Listing Views
97
Attached DocumentsAttachment Disclaimer

NDA_Non_Disclosure_Agreement_for_001176_Restaurant_for_sale_Dallas_serving_Mediterranean_food.pdf


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Business Listed by: V-AID Business Investment V-AID Group, Inc.

Listing ID: 2399688 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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