Well Established Tex-mex Restaurant / Bar For Sale
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $943841
Net Profit / Cash Flow $171266
Cash Flow Type EBITDA
Seller Finance No
Year Established 2005
Number of Employees 6 - 9
Inventory 78000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller is willing to train for 2 weeks.
Reason for Sale Family issues.
Description ** PURCHASE PRICE REDUCED TO $125,000 ** This profitable restaurant / bar for sale is located in a growing community just East of Plano, Texas. In 2005 the owner started the business as a small take out business and has grown it into a profitable full service restaurant/bar. The business specializes in authentic Mexican cuisine highlighting the flavor, culture and the spirit of family traditions. The restaurant is known to have the largest Tequila Bar in the North Dallas area. Gross Sales for January through May 2009 are approximately $312,168. This business is set to be taken to the next to level. A new owner could expand and promote the bar aspect of the business more.(Financials based on 2008 actual) Seller promotes business with mailers, word-of-mouth & website. Hours Sun-Thurs 8am-10pm; Fri - Sat 8am-midnight This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities. For more information, email or call Bert Bertrand at 972-484-5225.
General Information
Facilities: 3,670 sq. ft. at $6,703/mo. Lease expires 9/30/09.
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