Restaurant with Southern Charm and Catering to Boot!
Location: Texas
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $99,999
Gross Revenue: $302,552
Cash Flow: $80,957
FF&E: $80,000 (Included in Asking Price)
Seller Financing: 3rd Party financing available through local bank.
Business Summary
Are you looking to operate a restaurant in a very relaxing turn of the century environment close to the Metroplex in one of the fastest growing areas in the country? This is an easy in with owner bank contacts. Business is booming with a very respectable cliental. This is a turnkey operation with transitional training. Catering comprises a 30% part of this restaurant keeping revenues high and easy. This restaurant has super growth potential as only one shift is operating, breakfast and lunch. There is still reasonable housing close and maybe even a ranch environment if one were to choose. This type of opportunity does not come everyday. Just think, for those with an unemployed spouse working in the Metroplex this just maybe the deal.
About the Business
Year Established: 2004
Employees: 7 full time -
Facilities: Large turn of the century two story brick building in the heart of a historical district. Facilities include large dining area, kitchen, wait station, numerous storage rooms and upstairs office with storage.
Market Outlook and Competition: Competition: Very strong growth area (one of the largest in the nation) with only one competitor in a highly covenanted historical area. Actual competition acts only to enhance the area as demand outstrips supply and provides alternative for customers. Growth and Expansion: Currently open hours are from 6:30AM to 2:30PM. Expanding hours to cover nightly operations and expanding services and products to include alcohol would greatly increase revenues. Facilities could be restructured and or enhanced through booths or even multiple level dining.
About the Sale
Management Training and Support: Owner will provide training. Negotiable
Reason For Selling: Diverting all focus to primary construction business.
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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