High Volume Seafood Restaurant - Price Reduced
Location Dallas, Texas, United States
Asking Price Range < $250K
Gross Revenues $947176
Net Profit / Cash Flow $115000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1983
Number of Employees 10 - 19
Inventory 114000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.
Reason for Sale Retirement.
Description Opportunity to purchase profitable, well established, high volume seafood restaurant in north Dallas. Well known for excellent seafood & great service. Excellent reputation & loyal clientele (over 5,000 customers on email list). Highly visible corner site in a very high traffic area. The location has been a seafood restaurant for over 50 years and the seller is one of the oldest tenants in the center with this particular concept being established in 1983. Leasehold and equipment in great shape and show very well (owner put in over $90K in improvements in June of 2012). Stable, dependable labor in place with most of the employees being with the business for many years. Sales include beer & wine.
Seller will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement. All furniture, fixtures & equipment included in the sale except for the ice machine, one beer refrigerator and a margarita machine all of which are lease at approx. $450/month and the Coca Cola drink dispenser which is vendor supplied.
Extremely motivated situation. The owner is ready to retire having owned multiple high volume restaurants over the past 30 years with this being the last one and he is now 74 years old. SERIOUS INQUIRIES ONLY! Priced to sell quickly.
Additional business details are available. You will be required to document your ability to complete the proposed transaction. For more information on this restaurant business, please contact Stocker Travis at 972-783-1662 or e-mail. Asking price has been reduced to $249,000 for a quick sale.
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