Price: $80,000
Location: Plano, TX
Industry: Restaurant and Food
Listing ID: 42060430
Listing Status: New
Established European/Mediterranean Restaurant - Prime Waterfront Location
Flamant presents an exceptional acquisition opportunity for experienced restaurateurs seeking an upscale Mediterranean dining establishment in Plano's prestigious Granite Park development. This European bistro operates under the culinary direction of a Michelin and James Beard recognized team, featuring authentic Italian, French, and Spanish cuisine prepared over open flame.
Business Overview:
The restaurant generates annual revenue exceeding $1 million and features a sophisticated menu centered on wood-fired preparations including wagyu, octopus, artisanal pasta, and signature desserts. The beverage program encompasses craft cocktails, curated wine selections spanning European varietals, and elevated classics designed to complement the culinary offerings.
Location and Facilities:
Strategically positioned on the Boardwalk at Granite Park, the establishment offers waterfront dining with an expansive patio featuring fireplace seating. The buildout investment significantly exceeds the current asking price, representing substantial tangible value for prospective buyers.
Financial Profile:
First-year operations reflect revenue performance above $1 million with operational challenges attributed to absentee ownership structure and initial market positioning adjustments. The business includes $1.4 million in established goodwill value.
Operational Considerations:
Current ownership identifies menu optimization and hands-on management as primary improvement opportunities. Market analysis indicates customer demographics favor family-oriented dining versus the initially targeted younger demographic, suggesting strategic repositioning potential.
Investment Rationale:
This acquisition represents a value-oriented opportunity for qualified buyers seeking an established restaurant with proven revenue generation, premium location, and significant infrastructure investment. The seller's motivation stems from portfolio consolidation priorities, creating favorable acquisition terms.
Qualified buyers may request detailed financial documentation and operational information through the designated disclosure process.
Down Payment: N/A
Total Sales: $1,368,729
Cash Flow: N/A
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
FFE Included: Yes
Inventory: N/A
Inventory Included: Yes
Year Established: 2024
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A
Franchise: No
Reason For Sale: Sellers need to focus their resources on their current restaurant holdings


