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Full Service West Texas Restaurant And Bar For Sale

Texas
Asking Price:
$450,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,600,000
Cash Flow:
$140,000

The full-service restaurant and bar offers elegant dining with fresh seafood, hand cut premium steaks, and the most extensive wine list in the area. The Company operates from a 4,600 square-foot facility, which it leases. Offering these services requires equipment for cold storage, commercial grade kitchen equipment, and trained personnel to prepare and serve food and beverages. The Company has a proven track record, supported by four and five Star reviews such as "I would strongly encourage anyone to eat here." With its diverse menu and reputation for high-quality food, marketing efforts focus on targeting individuals living and visiting in the local area. Last year, total revenue was $1,4M with a Discretionary Earnings of $77k. 2017 projects over $1.6M in sales (14% increase) and over $140k in Discretionary earnings. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Approaching retirement

Trading hours:

Tuesday-Friday 11:00-2:00 Lunch, Tuesday-Saturday 5:39-10:00 Dinner

Employees:
35
Years established:
1999

Other Information

Support & training:

Management in place, the current owner is flexible for transitioning.

Financing available:

Negotiable for the right buyer

Furniture / Fixtures value:
$125,000 - included in the asking price
Inventory / Stock value:
$55,000 - included in the asking price

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