Upscale, Profitable Restaurant in Frisco, Texas

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Asking Price:
$599,999

Gross Revenue:
$2,095,884
Cash Flow:
$253,873
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$310,202
included in asking price

FF&E:
$13,441
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Classic, long standing neighborhood bistro setting in a friendly, casual atmosphere that has a devoted following with locals and frequent visitors. Located in an upscale retail shopping center in a rapidly expanding community in Collin County, this restaurant is noted for it's baked goodies, desserts and classic French entrees. There are several positives for a new owner:
1. Experienced general manager in place that will stay on with the sale.
2. A portion of this restaurant was newly refurbished in 2016.
3. The current owner is wiling to finance a minority portion of the sale price for the right buyer.
4. Current owner will work with a new owner on a smooth and orderly transition.

About the Business

Year Established:
2004
Number of Employees:
5 FT/15 PT
Facilities:
A leased commercial space in a retail shops location. The restaurant has been located here since it opened in 2004. The retail shops center continues to grow and add tenants as the community has expanded around with commercial buildings and residential homes.
Market Outlook/
Competition:
Competition in this growing Collin County community is very aggressive with new restaurants opening every year starting in 2016. New developments for retail, commercial and residential projects will increase population, traffic and see more restaurants opening.
Growth & Expansion:
New growth opportunities lie in expanding marketing to the surrounding growing communities, to hosting more catered events and private dining events. The higher wealth of the Collin County community can support newer, upscale food and drink selections.
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About the Sale

Reason For Selling:
Owner is involved in other business interests that require more of his time.
Training/Support:
Will train for 2 weeks @ $0 cost.

Listing Info

ID:
1466150
Ad Detail Views:
840

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Business Listed by

Don Wendel

Murphy Business & Financial -N. Texas

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Sponsoring Broker:

Richard Gadberry
Murphy Business & Financial -N. Texas

U.S. Census Data for Collin County, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Collin County, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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