A Recipe For Growth: Three Established Restaurant Locations

Description

Three fast-casual Mediterranean restaurants for sale in the Greater St. Louis market. The locations operate under the same concept and serve a menu centered on gyros, doner kebabs, falafel, wraps, salads and halal options.

Portfolio

• Three operating restaurant locations
• Suburban St. Louis markets
• Fast-casual service model
• Dine-in, takeout and delivery
• Catering
• Existing operating systems across the locations

Menu

The restaurants focus on Mediterranean-style food prepared for quick-service operations. Core items include gyros, doner kebabs, falafel, wraps and salads, along with house-made tzatziki and halal menu options.

Revenue channels

• In-store dining
• Takeout orders
• Third-party and direct delivery
• Catering

The mix gives each location several ways to generate sales beyond traditional dine-in traffic.

Locations

The units are located in suburban areas throughout the St. Louis metro. The seller reports that the restaurants have developed repeat customers and local recognition within their respective trade areas.

Buyers should evaluate each location individually, including sales trends, surrounding development, competition, traffic patterns and lease economics.

Operations

The three restaurants use a common concept and operating model, which may make purchasing, training and management easier across the portfolio.

A buyer should review how much management is currently shared between locations and whether each unit has sufficient store-level leadership to operate independently.

Growth

• Increase catering sales
• Improve direct online ordering
• Expand local restaurant marketing
• Develop corporate and group accounts
• Review delivery pricing and commissions
• Improve purchasing and labor controls across all three units

Due diligence

Buyers should review financial statements for each restaurant separately, including sales, food costs, labor, delivery commissions and store-level profitability. Lease terms, equipment ownership, employee structure, catering revenue, customer concentration and any shared expenses between locations should also be confirmed.

If continued use of the current concept or brand is part of the transaction, buyers should verify ownership of the name, recipes, digital accounts and other intellectual property, as well as any licensing or transfer requirements.