Asking Price: $195,000 Gross Revenue: $340,541Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: $40,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Local Family Restaurant with focus on providing dinner dining, live band/dancing/karaoke and full bar service for late hour local customers since 2007. Restaurant specialty is their “great grilled Rib Eye steaks”. Owner opens restaurant seven (7) days a week until 2:00 AM. Gross Sales in 2017 over $300K! Tarrant County location is in high growth commercial and residential area. Surrounding area is home for major Defense Contractor Bell Helicopter and local industrial business centers. Restaurant is under 1850 sq. ft. of leased space. Lease is $3000/month with 3 of 5 years of lease term remaining. Lease is transferable to new owner. Seller has great relationship with landlord. Business is very clean, with dinning, full bar and pool and game table area. Restaurant has 100-gallon grease trap system in place. Transferable Liquor License. License has one (1) year left, expiring 9/22/2019.
About the Business
Number of Employees:
Building Sq. Ft.:
$3,000.00 Per Month
1850 sq. ft. of leased space free standing building Family owned and operated restaurant & bar. Owners ready to retire after 11 years running dinner only, Steak Restaurant plus Full Bar. Husband, wife and daughter have successfully run this local restaurant, catering to local customers and after-hours employees looking for food, entertainment and drinks being served until 2:00 AM. Business has been in the same location from previous owners to present.
Restaurant is in a great location within the HEB/Mid Cities area of DFW Metroplex. Restaurant is only open for dinner but is the only local restaurant bar open until 2:00 AM. Great market for nearby “shift employees” for catering and delivery/take-out. There are no nearby food service businesses open late for the many nocturnal customers nearby.
Growth & Expansion:
New owner could take advantage of increased sales revenue by opening for Breakfast and Lunch in addition to dinner. Minimal local marketing via coupons, flyers, direct marketing would help sales revenues. Added “late hour” delivery service and catering would also be additional revenue stream. New John Peters Hospital Clinic is soon to open down the street.
Family Restaurant Owners need to Retire. Reduced for Quick SALE
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