New Listing! Fantastic Finish-Out, Conversion Opportunity

Conversion opportunity in affluent, high traffic area of Dallas. The sellers invested over $400,000 in leasehold improvements, furniture, fixtures, equipment, games, camera systems, POS systems, phone systems and more. This is a great opportunity to take over the current concept that is in operation and enhance it through new menu items, marketing, 3rd party delivery and more or convert to your own concept. There are exclusions which include breakfast, barbecue, tacos, breweries, ice cream, boba tea and popcorn. Asset/FF&E Included in Price: $165,000 Intangible Asset Value: $50,000 Trade Inventory included in Price: $10,000 Total: $225,000 Financial Information: Proforma Annual Sales: $540,000 Proforma Profit (15%): $81,000 Multiple Range 2.5 – 4.0x Total: $200k - $320k Asset Sale (Multiple of Gross Sales) 25% - 40% of gross sales. Location: Dallas, Texas Year Established: 2021 Number of Employees: 12 Real Estate: Leased Building Sq. Ft.: 2,883 Rent: $8,123.00 Per Month Lease Expiration: 11/30/2026 Facilities: Fully furnished, huge kitchen with 1,000-gallon grease trap, 12’ vent hood with fire suppression system, walk in refrigerator, walk in freezer, undercounter bar fridges, 3 compartment sinks, hand sink, ice machine, grill, stove, hot prep line, cold prep line, small wares, arcade games, custom made booths, stylish bar stools, chairs, tables and more. Owners spent over $150,000 in equipment and installation. Equal to or greater than tangible net worth of guarantors. There is a maximum landlord administrative fee of $2,000 to execute the transfer of the lease. Market Outlook/ Competition: Competition is inevitable in the restaurant industry. The site enjoys an exclusion for Chinese cuisine. There are exclusions which include breakfast, barbecue, tacos, breweries, ice cream, boba tea and popcorn; however barbecue would be negotiable given there is not currently a barbecue concept in the center. Growth & Expansion: A buyer can keep the current concept and add menu items and enhance the marketing or convert to another concept.