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Accommodation & Food Services

Dinner Only Restaurant with over $2 Million Revenue 001478

Tarrant County, TX, USA
Updated 1 day ago
Established 2023

A dinner only restaurant with over $2 Million in Revenue is available for acquisition. Established in 2023, this dining destination offers high-quality Italian dishes during dinner service, with additional services including dine-in, catering, private events, and wine pairing dinners restaurant has built a strong following. Located in Northwest Dallas, the restaurant is situated in a retail strip along a busy intersection, providing excellent visibility in a affluent residential area. The space is 3,107 sqft, serving a clientele of high-income individuals and families. Competition in the area is minimal, with no direct competitors nearby. The restaurant stands out due to its food, service and upscale atmosphere, all of which have been enhanced by a recent $400,000 investment in renovations. The restaurant also features brand-new, top-of-the-line kitchen equipment from the renovations, enabling smooth operations and efficiency. Marketing efforts are handled by a third-party company, managing SEO and website presence, while word of mouth has also played a key role in building the customer base. There is significant growth potential, with the possibility of expanding into an adjacent space, allowing for increased capacity and expanded offerings. Opening the 7th day or lunch service will help increase revenue. Currently they do not offer Uber Eats, Door Dash etc which is a missed opportunity in an affluent area like this. The current owner is involved for FOH services, payroll, hiring and firing, and paying bills on a part time basis. This role can be easily replaced by a manager. Due to personal reasons, the owner is seeking a qualified buyer to take over this well-established business, offering a prime opportunity to acquire a newly renovated, upscale restaurant with a strong reputation and growing revenue. **Dinner only** **$400,000 in renovation** **Brand New Equipment**

Employees

4FT/16PT

Franchise

No

Inventory

$50,000 (Not Included in listed price)

Listing Id

001478

Competition

Competition in the area is minimal, with no direct competitors nearby.

Real Estate

No

Down Payment

$240,000

Absentee Owner

No

Square Footage

3,107 SF

Financing/terms

100% cash down at closing or SBA financing with a 20% cash down for qualified buyers.

Potential Growth

There is significant growth potential, with the possibility of expanding into an adjacent space or expanding business hours to be open for brunch on the weekends. Adding 3rd party delivery such as uber eat, doordash etc.

Training & Support

The owner will provide training for an agreed upon amount of time.

Facilities Information

Located in one of the most affluent cities in Northeast Fort Worth, the restaurant occupies a 3,107 SF space situated in a retail strip along a busy intersection.

Relocatable/home-based

No

Reason for Selling

Personal Reasons

Financials

Asking Price
$1.1M
RevenueMost Recent Year
$2.0M
Earnings (SDE)Last Reported
$370K
Assets Value
Undisclosed
Seller Financing
Not available

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