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Establish Mediterranean Restaurant and Event Center for Sale in Dallas

Dallas, Texas

Asking Price: Gross: Cash Flow:
$259,000 $723,680 $137,457

Furniture and Fixtures Value:
$50,000 (included in the asking price)

Inventory Value:
$10,000 (included in the asking price)

Real Estate:
$0 ( not included in the asking price)

Business Summary:
An established Mediterranean and Italian cuisine restaurant and event center is now on the market for acquisition. This venue hosts a variety of events, including karaoke nights, wedding celebrations, belly dancing, live music and DJ and other private gatherings. With over 30 years of history, the restaurant has built a strong clientele. The menu boasts a diverse selection of Mediterranean and Italian dishes like beef and chicken kabobs, lamb, fish, lasagna, spaghetti, falafel, stews, salads, stuffed grape leaves, calamari, and various appetizers and desserts. Complementing the offerings is a full bar with live entertainment like belly dancing on weekends. Sales are steadily increasing, driven by a rise in private event bookings due to the gorgeous interior and value the customers receive for the events. Situated in Dallas at the end of a retail strip center on a high-traffic street, the restaurant attracts a predominantly mid to upper-class clientele. Despite the competition, its reputation for top-quality food and service has garnered a loyal customer base over the decades, drawing regulars from across the metroplex. While some marketing is done through third-party sites, positive word-of-mouth and glowing Google and Yelp reviews also contribute to its success. There's potential to ramp up marketing efforts for greater visibility. As the buzz grows, the event business is expected to keep thriving. The current owner oversees weekend events and handles bookkeeping. This opportunity is ideal for a buyer with industry expertise to lead the restaurant forward.For more info, please call Joseph Kim at 1-866-519-2421.

 
   
   
Year Business was Established: 1992
   
Number of Employees: 3FT/3PT  
   
Facilities / Terms of Lease: The restaurant, in Dallas, sits at the end cap of a retail strip within walking distance to a very busy shopping center and densely populated neighborhoods with upscale single-family homes and apartment complexes. The restaurant facility is 4,000 sq. ft., and all the equipment is in excellent working condition.  
   
Potential Growth/Expansion: There's potential to ramp up marketing efforts for greater visibility. As the buzz grows, the event business is expected to continue thriving.  
   
Competition: Even though there are other restaurants around with similar cuisine, this one stands out for its top-notch food and service. The restaurant has also acquired a loyal following over the many years of its establishment. People love it so much that some travel from all over the metroplex to dine here.  
   
Owner willing to finance: 100% down at the closing.  
   
Owner willing to train: The owner will provide training for an agreed up period of time to allow a smooth transition into the business.  
   
Reason for selling: Burnt out  
 

 

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