Beautifully Built Prime Location Seafood Restaurant With Bar And Patio

, Texas 7 views 0 favorites

Financial Highlights
Asking Price
$559,000
Revenue
$814,080
Business Description

Prime location high-end seafood restaurant with a full bar is now available for acquisition. This business is a premier and authentic seafood restaurant that has been serving the DFW area and beyond since 2012. This business was established by the previous owner in 2012 and was acquired by the current owner in 2018. The current owner decided to relocate the business for expansion and relocated to its current location in Feb 2021. Since relocating to the current location from the previous location, despite only operating for less than a year at the current location, the overall sales have rebounded nicely. The biggest factors have been the location and the different demographics, which the current location has customers that are in the upper-income bracket. The majority of the customers are high-income Caucasian individuals and families, along with a good mix of other demographics from the surrounding highly affluent residential area. Gross sales of this business have rapidly grown for the first 2 years of operation. The growth has been temporarily halted due to COVID-19 in 2020, but the loss from COVID-19 has already been recovered to 90% of the pre-COVID normal sales level. This business has done very well with its groundwork, poised for next-level growth. Since the relocation, the business has already acquired regular customers from the current area as well as other from the surrounding area who continues to visit the restaurant. This business has a good reputation in the community and is fully staffed with experienced employees and is a great opportunity for the buyer to realize its full financial potential as more customers return to the dining scene. Listing ID #001114 For more info, please call Kevin Chung at 1-866-519-2421. Location: Tarrant County, Texas Year Established: 2012 Number of Employees: 15FT Facilities: The business occupies 5,430 SF end-space of a retail strip center next to high traffic road and is surrounded by densely populated residential neighborhoods. Most of the major equipment is brand new and is in excellent condition. The business was relocated to its current location in early 2021. Market Outlook/ Competition: There is no competitor within the immediate market area of this business. Growth & Expansion: The current owner is actively marketing through its brand new website, Facebook, local news, flyers, etc., and working on other marketing, such as wine dinners, comedy nights, fundraisers, spirit nights for schools. Additionally, billboard advertising can highly increase the exposure of the business and will attract a number of new customers to the business. Also by adding a brunch menu on the weekends, it will generate an immediate additional revenue.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 18, 2022

Updated: 9 hours ago

Views: 7

Favorites: 0