Scalable Niche Upscale Casual Deep Ellum Restaurant for Sale
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a niche casual upscale restaurant bar serving foodies and food socialites. Located in the heart of Deep Ellum, the business is an exciting, highly awarded and dynamic concept that regularly challenges the status quo. The culinary team creates customer excitement and marketing zest, buzz and attention. The restaurant is surrounded by paid (and some free) parking and has easy access to bus stops and DART rail. Deep Ellum is best known for its music scene, eclectic roots and rich history; it is a popular residential community and dining/entertainment destination.
The restaurant’s target market is 32 – 55 year olds and those who consider themselves “foodies” and on-trend with Dallas’ bustling dining scene. A dedicated following includes ~3,200-3,500 email subscribers and ~5,000+ Facebook followers. The Management team has been with business for ~ 2+ years and is expected to stay. The restaurant has developed a loyal and dedicated clientele with many exciting and scalable growth opportunities for an owner-operator.
Sales are increasing. Sales forecast is ~$1,550,000 +/- with cash flow to owner operator of approximately $156,000/yr.
The asking price for the assets of the business is $125,000 ALL-CASH or $150,000 with $75,000 cash down plus $75,000 seller financing to qualified purchaser approved by the seller. The assets include inventory at cost of $7,000 and FFE (Furniture, Fixtures and Equipment) valued at $65,000.
Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
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