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Steakhouse And Lounge For Sale

Location  Texas,United States
Asking Price Range  $250K - $500K
Gross Revenues  $369000
Net Profit / Cash Flow  $84000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2009
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned
Training  2-4 Weeks hands on; 3 months phone consultations.
Reason for Sale  One owner lives 300 miles away.
Description  This is an absolutely stunning top of the line, North Dallas Steak House. It has a beautiful full Bar, Plus outside patio seating. It is located in an rapid growth area. Fully equipped kitchen, an impressive facility, tastefully decorated, and an unbelievable location. The current owner lives too far away from the restaurant. This is a turnkey property with everything in place to make huge profits. Facilities:The property is approximately 2.5 acres, . It is a beautiful restaurant with 6500 sq. ft. that seats 215 people inside, including bar seating of 32, plus there is seating for 20 more on a gorgeous outside patio. This is the only place around that has banquet rooms that can hold up to 75 people. The property alone is appraised at $650,000. There is not another Restaurant like this one for 50 miles. Reason For Selling:The owner is 4 hours away from the business Owner Financing available for well qualified buyers -New Outdoor patio (with new furniture) with Austin Stone and new fire pit -New Awning -Exterior of building is in Austin Stone -New landscaping -Roof -New A/C units -New Water heater -New Tables, TVs, Grills, etc -New Bar - Did not exist in the original building -All walls in the kitchen were redone -Electric and Gas is up to code -Garden area inside the restaurant All the equipment and furniture is no more than 2 years old and in great working order. -The building is 6,500 sqft and sits on 2.5 acres -The replacement cost of the building is ~$650,000 -Furniture, Fixture and equipment is close to ~$200,000 -It is the only restaurant in Texoma that has large private rooms that can accommodate various groups (rehearsal dinners, birthday parties, pharmaceutical business dinners, etc) The restaurant is move in ready at this time. All that is needed is the food and the staff. To see pictures, please visit donschophouse.com or call 214-394-4661 for more details
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