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Prime Corner, Fine Dining Restaurant, $2.6 million in sales
Stunning, sleek, highly rated fine dining establishment in Irving, TX complete with top shelf cocktail bar, fully stocked wine room, private event room, enclosed patio and fully furnished kitchen is now available for purchase.
Located on a prime corner in a vibrant entertainment district, the restaurant generated over $1,900,000 million in 2021 sales with growth estimates of 6% to 10% a year going forward. Annualized sales estimates for 2022 is over $2,400,000 with seller’s discretionary cash flow of $220,000. The establishment enjoys a 4.6-star rating on Google Reviews, 4.9-star rating on Facebook, 4.5-star rating on Open Table, 4.6-star rating on Restaurant Guru and a 4 star on Yelp.
This is a great opportunity for a local/national restaurant group or private equity group to acquire a popular establishment with room to grow.
Listed By: Aaron Evans
Background information
Reference:
TR1046
Year established:
2017
Reason selling:
Seller training is negotiable
Finance
Sales:
$2,411,886
Operations
Employees:
35
Equipment:
Included in asking price $1,264,000
Inventory:
Included in asking price
Premises
Facility:
Over $1,300,000 was spent in finish out and FF&E. The restaurant has 7,579 inside the space and access to a 1,000 square foot patio. FF&E/asset list available during due diligence period
Rent and lease terms:
$31,571 per Month
Location:
Irving, TX
Opportunities
Growth:
A buyer could add this business to their portfolio of high-volume restaurants with a lot of runway to grow. Currently, the restaurant is only open for dinner, new ownership may consider offering a daily lunch menu, expanded happy hour with drinks and appetizers, brunch on Sundays and enhancing social media presence to get the word out. In addition, a strategic buyer could open new locations in the DFW market using the current model
Price and terms
Price:
$1,750,000
Training:
Seller training is negotiable