Upscale N. Dallas American Restaurant For Sale

Business
  • Listing# : 8293
  • Listed Price : $350,000
  • Total Sales : $489,235
  • SIC :
  • Down Payment : $350,000
  • Status : Expired
  • Discretionary Earnings : N/A

Business Type :

Liquor Related Biz / Bar/Restaurant; Restaurants / American Restaurant

Business Description :

Newly established upscale Collin County American food restaurant is poised for turn around and high growth under new management. Business features a posh build out of more than $1M in 2010. The restaurant has generated in excess of $1.2M in revenues (approx. $3400 per operational day) in its first full year which demonstrates that its business model is sound. Its 2012 revenues through early June are at nearly $500K. Situated in one of the wealthiest Zip Codes in Texas, the average guest check of $45.00 provides considerable room for revenue upside under new, highly skilled restaurant management team having a focus on customer satisfaction and retention. Approximately 8 years remain on a very competitive leased space in a strong location. Sellers are a family, with young children, who seek relief from the demanding hours required to manage the business successfully. Sellers are available to assist as necessary in the smooth transition of business and assets to an enterprising new buyer.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $0
    • Incl : No
    • Inventory $30,000
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $347,962
    • Incl : Yes
    • Other: $0
    • Incl : No
    • Leasehold $695,963
    • Incl : Yes
    • Total Assets $1,073,925
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Liquor Related Biz, Restaurants