Restaurant for Sale -Prime Upscale location- High Income Area

Frisco, TX (Collin County)

Restaurant for Sale -Prime Upscale location- High Income Area
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Asking Price: $360,000

Cash Flow: $144,000

Gross Revenue: $760,000

EBITDA: N/A

FF&E: $80,000

Inventory: $12,000

Rent: $5,300 /Month

Established: 2018

Restaurant for Sale -Prime Upscale location- High Income Area

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Business Description

Great Location! Low Rent! Solid Customer base!

Premier retail strip center which features gorgeous build-outs with an elegant interior that is located next to an intersection with consistently heavy traffic as well as densely populated neighborhoods filled with high-income individuals and many retailers that attract a large number of people to the area. Over 75% of customers are upper-class Caucasian that has a large amount of disposable income while the remaining is mostly Indian and Asian demographics. No near-by competition for about 4 miles for similar Cuisine. The built-out is done for Fast food as well as nice ambience for dine-in. The facility can also be rented for exclusive parties on need basis.

Gross sales have been consistently growing since its inception without any marketing except for Facebook and general business listings on Yelp & Google. Proactive marketing needs to be done to reach full potential of this business, and since this business is located in high income residential area, targeted marketing to high income individuals for this area will tremendously boost the sales. A potential buyer should be able to realize the growth by getting more involved in the day-to-day business operation and conducting pro-active marketing.

The business also serves as a virtual kitchen for a new location and this is making in ways to more revenue. This model can be enhanced to additional locations and have the right contacts in place to start with and this would be a different line of business. Pricing can be discussed based on interest and Seller partnership that this involves

Detailed Information

Location:
Frisco, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
7/15/2022
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 2,400 SF Suite in a retail strip center is located next to an intersection with consistently heavy traffic as well as densly populated neighborhoods filled with high-income individuals and many retail shop. All equipment is in impeccable condition less than 1-3 years. This business has gorgeously built their interior to give a luxurious atmosphere while also providing high-quality services that match the business concept
Competition:
Being close to Corporate Offices on one side and Residents on the other side, this provides a good spot for both professional world and personal world to meet. It is also very close to about 15 Hotels and atleast 500 Corporates near by. Reaching and Enriching the customer base will lead to consistent revenue. There could be competition in similar cuisine but keeping the service and quality and the needed taste for the customer will keep getting the right market segment
Growth & Expansion:
Utilizing the effort and time of the resources, plans have been put into place to expand on couple of catering locations which is adding revenue to overall model and this will give additional customer base and the needed pipeline of future orders. Focusing on process and service will keep the business growing to an exponential level
Financing:
Cash price
Support & Training:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason for Selling:
Owner relocating
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Business Listed By:
Adam Posts

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