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South Asian Bar-B-Que Restaurant

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $250000
Net Profit / Cash Flow  $60000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2008
Number of Employees  1 - 3
Inventory  45000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  1 week.
Reason for Sale  Absentee owner. Owner has other business.
Description  South Asian Bar-B-Que Restaurant for sale. Specializing in Authentic Indian / Pakistani Food.The restaurant is located in a busy Shopping Center. There are a lot of parking spaces. Restaurant has about 15 Tables, approximately 55 seating. Restaurant currently opens 7 days a week, Weekday 10am to 10pm, Weekend (Fri/Sat/Sun) 10am to 12 midnight. There are a lot of late evening customers on weekend. Rent is low, $2,000 including NNN. With this growing business (monthly Profit about $4,000 to $5,000), it may take about a little more than one year to recover the initial investment. ($4,000 x 14 months = $56,000). Price include F.F. & E. (furnitures, fixtures, equipment) and well established South Asian Cuisine restaurant business. (Real Estate not included) Kitchen equipped with vent-a-hood, grease trap, grill, deep-fried cooking machine, refrigerator, small buffet station. Business Owner has spent at least $58,000 into this restaurant, which include the following items: Vent-hood $8,000, Grease trap $3,500, Buffet station $6,500, inside decoration $15,000, Kitchen equipment $18,000, electrical installation $3,000, Plumbing and miscellaneous $2,000, and Gas Connection $3,000, etc. The restaurant has been operating since 2008 at this location. It has a good established business.Current Owner has pursuing other business interest and no time to spend in this business. Just take over the business and enjoy the stable customers base, and well equipped kitchen. All ready for you to operate as a turn-key Restaurant.
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