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2 Tex-Mex Restaurants in N. Dallas as a Package Deal
(Restaurants, Full-Service Restaurants)
Dallas Area - Texas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
70590 |
| Office ID: |
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| Status: |
Active |
Listing Details
| Listed Price: |
$684,000 |
| Down Payment: |
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| Fiscal Year: |
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| Total Sales: |
$1,850,371 |
| SDE: |
$317,680 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$325,000 |
Included? Yes |
| Real Estate: |
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Included? |
| Inventory: |
$9,600 |
Included? Yes |
| A/R: |
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Included? |
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| Sales Breakdown |
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| Reason for Sale: |
Seller has currently owns 3 restaurants and wants to focus on only one. |
| Training: |
Owner will train for smooth transition |
| Financing Terms: |
100% cash at Closing. |
Operations
| Year Established: |
2001 |
| Last Acquired: |
2001 |
| Form of Ownership: |
Corporation |
| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
Strip Center |
| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 4 / Part Time: 8 |
| Managers: |
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| Hours: |
11:00 am to 9:00 pm Mon through Thursday/11:00 am to 10:00 pm Fri through Sa |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Included with Rent: |
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| Building Size: |
3100 |
| Land Size: |
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| Seating Capacity: |
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| Facilities: |
All the equipments including the tables, chairs, pos system, TV, and etc…. are all in a great clean condition. The visibilities from the road are great and they are all in a prime location. |
| Secondary Location: |
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| Business Name: |
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| Address: |
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Summary
| Business Description: |
What a great opportunity to acquire two fully established Tex-Mex Grill all at once, both of which does close to $2 million in annual revenues. Centrally located in two different major cities, each location has accumulated a strong and loyal customer base enabling these restaurants do a consistent strong sales in this severe economic downturn. One of competitive advantages of these restaurants is all kinds of synergies being created from owning and operating two different locations under one ownership such as buying power due to economies of scales, smooth labor management, strong cash flow (over $160,000 sales per month), cooperation of each other location, and more. The current owner want to sell both locations as a package, and it could be a buyer’s best interest to purchases all at once in order to continuously benefit from the synergies created by running all two locations at a time. Each location offers authentic style of Mexican foods that range from tacos, tamela, and burritos to taco salad, all made with special recopies from the current owners.
Occupied in a 3,100sf and a 4,000sf respectively of retail space that is highly visible to major street, each location seats over 140 to 160 seats and features a full-bar along with nicely built-out interior. All equipments, fixtures, and furniture are in excellent condition.
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| Historical Summary: |
Established since 2001 and 2007 respectively. |
| Owner Qualifications: |
Currently these two restaurants are fully staffed being run as an owner absentee. |
| Customer Base: |
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| Competition: |
One location has one direct competition, but this restaurant does more sales then the other. |
| Potential Growth: |
With more pro-active marketing and with a new owner who is business oriented can make this business to grow in the future. And the road construction on one of the location is now over, and that is helping the sales to increase. |
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