Well Established, Profitable Upscale Restaurant North Texas

Business
  • Listing# : 17778
  • Listed Price : $4,500,000
  • Total Sales : $4,569,886
  • SIC : 5812
  • Down Payment : $4,500,000
  • Status : Active
  • Discretionary Earnings : $904,291

Business Type :

Restaurants / American Restaurant

Business Description :

This well-established neighborhood restaurant located in an affluent area of North Texas and consistently ranks in the top, trendiest restaurants to enjoy a night out. The restaurant's unwavering commitment to exceptional service, meticulous food preparation, and captivating entertainment have made it a beloved destination for patrons. Notably, its hidden speak easy lounge, renowned for its rare scotch, bourbon, and fine whiskies, as well as nightly live music, adds a distinctive charm.  Situated within an upscale retail center in a flourishing affluent community, this establishment benefits from a seasoned service staff and a competent general manager, ensuring a seamless transition for prospective buyers. The current owners are eager to accommodate new owners and facilitate a smooth handover of this profitable and efficiently managed operation.  Owners are looking at a second location and will work with the new buyers on that opportunity.  Revenue decline in 2023 is temporary, due to several new restaurants that opened in the area.  Monthly revenue has been strong since the fourth quarter into 2024.


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $180,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $178,383
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $358,383
    • Incl : Yes

Lender Prequalified: No

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