Restaurant And Grill With Delivery
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $225762
Net Profit / Cash Flow $56533
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1990
Number of Employees 4 - 5
Inventory 62500
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 30 days.
Reason for Sale Starting another business.
Description *** This Listing Has Been SOLD! *** The ownerrrrs have lowered the price for a quick sale. They are going into another business and need to move very quickly. The restaurant offers a large and diversified menu selection that includes appetizers, sandwiches and wraps, salads, dinners and desserts. Their dinners range from complete steak dinners to chicken, seafood, pasta, and fajitas. The restaurant has been completely remodeled with tile floors, new walls and ceilings, and a new bathroom. The kitchen was relocated and expanded with new and refurbished equipment throughout. The dining area has new furniture and counters, drink dispenser, and drink refrigerator. The restaurant is currently being run semi-absentee. With only a 10% revenue increase in 2008 an owner/operator should expect a cash flow of over $80,000.
Facilities: Excellent facilities located in an up-scale strip center in the heart of the Las Colinas business district. The restaurant has been completely remodeled with over $40,000 in upgrades. All new kitchen equipment, restroom, and dining room furniture have been installed.
Competition: No direct competition in the area. The owner is really expanding the business with over 30% growth this past year. Direct marketing and advertising in area hotels and businesses will continue the growth into the next year. Growth and Expansion: The restaurant actively advertises and delivers menus to all of the area businesses and hotels. They will also be utilizing direct fax advertising to the area businesses. They expect another minimum of 10-15% growth in 2008. With only a 10% revenue increase in 2008 an owner/operator should expect a cash flow of over $80,000.
Support/Training: Owner will provide up to thirty days training and support. Experienced manager and support staff in place would allow for a semi-absentee owner. Reason Selling: Starting another business.
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