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Well Established Fort Worth, Texas Restaurant for Sale
| Asking Price: | $625,000 | Inventory: | $26,000 ++ |
| Gross Revenue: | $1,255,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $239,000 | FF&E: | $229,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Revenues holding steady in 2009! | |||
Great Restaurant Ownership Opportunity!
This is a very well established restaurant in a popular, high traffic area in Fort Worth, Texas. This facility enjoys an extremely loyal customer base, with guests coming from all over the Dallas-Fort Worth Metroplex to experience the unique and widely varied menu and the casual atmosphere. The restaurant benefits from three separate (but all in the same 8500 s.f. space) profit centers: Casual dining, Bar/Club and Catering.
About the Business
Year Established:1989
Employees:21 full time - 0 part time
Relocatable:Yes
Facilities:This restaurant enjoys a prime location, with more than ample parking, both in front and in back of the facility. The furnishings and equipment that would be included in the sale have been well maintained and are in top condition. The total space for the restaurant, lounge and patio bar is 8,500 s.f. The building lease is effective through 2016 and the current rate is a very favorable $12.95 per s.f.
Market Outlook and Competition:As with most businesses, there are some exciting possibilities for growth here. The catering services could be expanded to significantly increase revenues. Also, with a relatively small capital outlay, the sports bar (pavilion) area could be upgraded to attract even larger crowds, especially during weekend sporting events. Finally, the restaurant is currently closed on Sunday; by opening on Sunday, the restaurant would benefit from the large after-church crowd in Fort Worth and the pavilion would attract a large number of football fans.
This facility is unique in this area because it not only offers a great dining opportunity - either for the casual diner, or for patrons celebrating a special occasion - it also offers a perfect venue for relaxed conversation among friends gathering after work, larger company or organization gatherings and a place to come and watch your favorite sports team in action.
About the Sale
Management Training and Support:Current owner is willing to provide on-site training for 30 days. He has done a great job of hiring and training his restaurant managers and they would also be available to assist with an ownership transition.
Reason For Selling:Owner was single when he established the restaurant, but he is now married with two small children and wishes to pursue other professional opportunities.
Seller Financing:Seller is willing to consider 10-15% owner financing.
KEYWORDS: Restaurant is located in a high traffic and well known section of Fort Worth. It enjoys a long-standing reputation for excellent food and service. It draws its clientele from a wide range of ages and from all parts of the Dallas-Fort Worth Metroplex. People are attracted for both business lunches/dinners as well as casual, relaxing dining. It is also a very popular after-work gathering place that offers both a comfortable, traditional lounge area as well as a less formal sports bar type area, particularly popular among younger adults.
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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.
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