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Primely Located Pizza Tavern with Growth Trends! (37692)


Location, location, location! Conveniently located in a high traffic location within the Dallas area of DFW, Texas, this full-service restaurant specializes in the sale of traditional and vegan gourmet pizzas, sandwiches, appetizers, salads and classic cocktails or beers. This niche 1,975 square foot facility features a dining room occupancy of 50 guests and a commercial grade kitchen, leased with options to renew. Natural growth is underway as the city has begun a multi-million dollar renovation project for events & attractions in the immediate area, within a quarter mile, the brand new hotel coming with it will have hundreds of rooms and is certain to attract and retain more patrons within walking distance. Also, several of the entertainment venues within walking distance are scheduling events and this will surely increase the walk-in first time customer base. With raving reviews, the vegan options are increasing the restaurant’s popularity. The pizza oven is less than 2 years old and the location has also been well maintained, able to handle the extra capacity of five cooks. During the standard transition of up to three months and open to staying longer with compensation, owner can assist individual or franchise buyer with many facets of the business, such as hiring new staff as needed. Many growth opportunities exist through enhanced advertising, delivery, and diversification of menu items. Total revenues for 2019 reached $824,096, alongside Seller Discretionary Earnings of $54,575, based on an independent evaluation!



Listed By: Ann Parsley

Background information

Seller Number:

37692

Year established:

2009

Reason selling:

Approaching retirement and/or pursuing other interests.

Finance

Sales:

$824,096

Profits:

$54,575

Profit type:

Discretionary Earnings

Operations

Employees:

9 nonunion.

Equipment:

$155,025

Inventory:

N/A

Premises

Square footage:

1,975+/-

Rent and lease terms:

Holds a monthly tenancy of $3,300.

Opportunities

Market:

Social Media Presence, Website, WOM Referral Source System.

Price and terms

Price:

$150,000

Financing:

None.

Owner Transition:

Standard transition of up to 3 months.