Buffet Restaurant / sales & profits up for 2009;seller negotiable
| Asking Price: | $370,000 | Inventory: | $3,000 ++ |
| Gross Revenue: | $306,131 (comments below) | Real Estate: | $230,000 ++ |
| Cash Flow: | $61,366 (comments below) | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2009 for 6 mo. | |||
| Cash Flow Comments: 2009 for 6 mo. | |||
This 20 year old buffet style restaurant is open primarily for lunch only with the exception of Friday night serving approx. 1-100-1,500 customers per week. It is well known landmark location for broad range of regular customers from professionals to families and kids. It is located near a major Interstate and captures travelers going to East Texas. plus local loyal customers. Good food, casual atmosphere, location all make it a great place to eat and visit with friends. Excellent family operation with free time. Ample opportunity for growth. Real property is included in the price. 2008 was a very good year for this establishment; they serve good, consistent food. 2009 6 mo sales are $306,131; projected to be a banner year. Seller willing to negotiate price.
About the Business
Year Established:1987
Employees:9 full time -
Facilities:4,000 sq. ft. building with seating for 160 on .94 acres of land; metal building and roof construction; good shape; room to add drive-thru window for the ever increasing take-out orders. Owner owns the real property.
Market Outlook and Competition:Good in growing area near the interstate and travel to East Texas plus growing business district around it. Sales have increased steadily over past 5 years; it is owner/operated. Some fast food in area plus chain cafeteria. Sales & profits are continuing to increase in 2009. Opportunity for growth by extending the hours, catering, drive-thru window.
About the Sale
Management Training and Support:yes, owner will provide a liberal transition.
Reason For Selling:After 20 years wants to do something else
Seller Financing:depends on the experience and financial history of buyer.
KEYWORDS: Buffet line, lunch only, room for drive-thru, 160 seating, parking, prime location, real property; negotiate.
Sell Your Business | This listing has been viewed 809 times
advertisement
 |  | ||||
| |||||
 |  | ||||
| | |
|
Recommended Resources
Sponsored Links
| ||
| |
| | |
|
The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
| ||
| |
