Established French Restaurant In Dallas For Sale

Business description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well established, award winning, French restaurant located in the upscale area of Dallas, Texas. Established 20+ years, this restaurant has a loyal clientele (database of ~2000) which includes locals and regular business travelers who make it a point to visit. Seats 80 inside and 20 outside patio. Known for its consistent and quality food, it is one of the highest rated restaurants in its neighborhood. It has become a recommended restaurant with local media, consistently earns top Zagat ratings and offers a full bar and popular wine list. The employee cook prepares traditional French fare and the owner primarily works the front of the house. Don t miss this unique high profile opportunity to enter one of Dallas densest and most affluent demographic sub-markets. The restaurant has EXCELLENT MATCHING books, records and TAX RETURNS! ... and a high return on investment! Price $149,000 includes $17k inventory
and $150k FFE.
UPDATE: 1. Sales for year ending March 31, 2012 were $550,918 --- UP FROM $510,109 prior year
2. Profit was $98,621 – UP FROM $70,804
3. SELLER has REDUCED the Price to $149,000 from $167,000

Property information

Real Estate:

Lease

Lease terms:

1690 SF leased $3,150/month + $800/mo NNN. Landlord is willing to offer a long term lease to a qualified operator. Located in retail/office center in residential neighborhood. It has an open dining room, full bar, extensive wine selection, large fully-equipped kitchen, walk-in, storage, restrooms.

Premises details:

1690 SF leased $3,150/month + $800/mo NNN. Landlord is willing to offer a long term lease to a qualified operator. Located in retail/office center in residential neighborhood. It has an open dining room, full bar, extensive wine selection, large fully-equipped kitchen, walk-in, storage, restrooms.

Size in square feet:

1,690

Other information

Expansion potential:

This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Increase prices. Prices were increased in April 2011 with no negatives., 2) Extend hours - currently closed Sunday. Sunday represents an opportunity to significantly increase sales, 3) Use Terrace/patio and promote along sidewalk, 4) Bring new energy and ideas to create Excitement in restaurant, 5) Use customer database to telemarket customer preferences, 6) Internet marketing via a website, emails, Yelp,

Competition / Market:

This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Increase prices. Prices were increased in April 2011 with no negatives., 2) Extend hours - currently closed Sunday. Sunday represents an opportunity to significantly increase sales, 3) Use Terrace/patio and promote along sidewalk, 4) Bring new energy and ideas to create Excitement in restaurant, 5) Use customer database to telemarket customer preferences, 6) Internet marketing via a website, emails, Yelp,

Support & training:

The seller wishes to ensure a seamless transition with a purchaser. He will train a buyer for 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, if desired by a purchaser, at mutually agreed compensation.

Reasons for selling:

Retirement age

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller prefers ALL CASH

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$17,000 (included in the asking price)

Related documents:

• 
• NDA for this and other offerings