Texas Restaurants Business For Sale 26309

Restaurants Businesses For Sale
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103

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Category: Restaurants SIC:
Detail: N/A Price: $90,000
County: Down: $80,000
State/Prov.: TX Adj Net: $0
Country: USA Sales: $900,000
Relocatable No Home based No Franchise No Lender pre-qualified No
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, an established full service Indian restaurant specializing in Indian cuisine and ready to be converted to YOUR concept. The restaurant is a fine dine-in family restaurant providing buffet, to-go, banquet, catering and hosting group parties. The menu offers signature dishes from all five states of India, reflecting each of their distinct flavors including vegetarian & non-vegetarian dishes. The restaurant is located in an endcap, along a busy street in Irving, Texas.

The restaurant features a large dining area, buffet setup, private banquet room and patio. The location is eligible for a mixed beverage liquor license and a new owner can readily apply for a new one.

A new operator can develop a new concept or build on the existing one. The restaurant has MANY growth opportunities for a new owner operator.

The asking price for the assets of the business is $90,000 ALL CASH with up to $10,000 seller financing to a purchaser qualified & approved by the seller. All financing is to be personally guaranteed. The seller prefers to sell for ALL-CASH. The assets include inventory at cost of $15,000 and FFE (Furniture, Fixtures and Equipment) valued at $150,000.

KEY WORDS: restaurant, food, vegetarian Catering, biryani, biriyani Indian recipe, curry, south north cuisine spice spicy seasonings Asian Chinese Tandoori lamb goat mutton chili Tikka Masala Kofta Kabab Bhuna kashmiri Sell my Indian Restaurant For Sale

Facilities:The business occupies ~4,930 SF in an endcap location of a retail shopping center. The base rent is ~$11,500/month +NNN (~$4380) for a total of $15,880 per month. The security deposit is $13,147. The lease expires approximately Feb 2022 with one 5-year renewal option. The lease includes an EXCLUSIVE right to serve IndoChinese food (refer to details in lease). The landlord is willing to offer a long-term lease with renewals to a qualified tenant.

Competition:The food service industry is very competitive, and this restaurant is no exception. The local market has a range from small local mom & pops to large international food chains. HOWEVER, the Owner feels that no Indian restaurant offers the same level of menu, food quality, service, takeout, delivery and buffet. There are many local Indian competitors.

Growth & Expansion:This is a strong location with all the key ingredients for success by a new, energetic owner. A new owner can continue to grow the business and increase sales and profits in several ways: 1) Convert to a new concept or build on the current Indian cuisine 2) Improve catering sales by signing up hotels and networking with local companies 3) Promote the private banquet room and patio area 4) Improve online delivery business ? add delivery companies 5) Print and deliver fliers to local residents and businesses 6) Increase advertisement on local Indian radio 7) Network with community 8) Local store marketing and promotion

Financing:Price $90,000 ALL-CASH with up to $10k SELLER FINANCING

Support & Training:The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for up to 2 weeks included in the purchase price.

Reason for Selling:Not able to allocate time, Relocation
A/R: Real Estate: $
Inventory: $15,000.00 Other Assets: N/A
FF&E: $150,000.00 Total Assets: N/A
Leasehold: $ Included: N/A

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