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Texas Restaurants Business For Sale 26334

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Restaurants Businesses For Sale
UNION BAY GROUP
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103
UNITED STATES

p.2067831717
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Category: Restaurants SIC:
Detail: N/A Price: $950,000
County: Down: $850,000
State/Prov.: TX Adj Net: $320,000
Country: USA Sales: $3,125,000
Relocatable No Home based No Franchise No Lender pre-qualified No
MegaBite Restaurant Brokers LLC offers, for your ownership consideration a Texas barbecue family restaurant offering a fast casual, rustic atmosphere in Fort Worth, Texas Metro Area. The restaurant features BBQ, steaks, burgers, seafood and kid?s meals with private rooms, patios and family areas. The entire restaurant welcomes families, sports and music fans alike. This is the place to be and to be seen! The restaurant is famous for its BBQ, food, service and catering. The restaurant is well-established with strong management in place. Many growth opportunities exist to expand the current business, increase profits and build further catering.



The owner works part-time about 15-25 hrs/wk. The semi-absentee owner feels that a major advantage over competitors is the seniority and experience of the employees. The owner states that the management and kitchen team are professional, well-experienced and are a major asset to the company. The customers are happy with the service and food. The owner feels that they can be replaced by a hard-working owner who is dedicated to the company. The landlord will offer a long-term lease plus renewal options to a qualified tenant.



The asking price for the assets of the business is $950,000 with SBA Bank financing for a qualified purchaser. The Seller will consider up to $100,000 seller financing to a purchaser qualified and approved by the Seller. The assets include inventory at cost of $30,000 and FFE (Furniture, Fixtures and Equipment) valued at $150,000.



We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information



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Facilities:The restaurant consists of ~8,000+/- SF offering inside seating plus several patios for outside seating. The floorplan consists of multiple open and private dining areas, large open walk-up ordering/service area, large open fully-equipped kitchen-prep area, office, dry storage, restrooms, walk-in coolers, bar area, open kitchen, smokehouse, fenced outside storage. The Patio areas are equipped to be open or fully enclosed. Facility is leased for $18,500/mo +NNN. The landlord will offer a long-term lease plus renewal options 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 & pop?s to large international food chains. HOWEVER, the Owner feels that no area restaurant offer the food quality, entertainment, family atmosphere, patios, capacity and sheer enjoyment of his business.

Growth & Expansion:This is a strong location with high volume and excellent potential. A new owner can continue to grow the business and profits in several ways including 1) continuing the current, effective marketing program, 2) social media marketing including Facebook, Yelp, etc, 3) email marketing, 4) Improving menu and introducing price increase of 6-8% (potential increase ~$200-240,000 profits), 5) Expand catering, 6) Local store marketing and promotion

Financing:Price $950,000 with SBA Bank and Seller-financing to a qualified Purchaser

Support & Training:The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for up to 4 weeks included in the purchase price. The seller is willing to remain for a longer period of time, in a consulting role, if desired by a purchaser, at mutually agreed compensation.

Reason for Selling:Retirement
A/R: Real Estate: $
Inventory: $30,000.00 Other Assets: N/A
FF&E: $150,000.00 Total Assets: N/A
Leasehold: $ Included: N/A

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