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European Restaurant Mid-Town Intersection
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2009
Number of Employees 10 - 19
Inventory 111090
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Undercapitalized.
Description Restaurateurs rejoice, here's a perfect opportunity to move into the Midtown market and revitalize a business with good sales, or re-concept with all permitting & buildout already in place. This full service restaurant currently serves top-notch specialty European cuisine in one of the quickest growing areas of town. There are multiple new office & residential buildings being constructed within a 1 mile radius and the growth does not appear to be slowing down. This restaurant features a beautiful buildout to match its menu, with a large bar (beer & wine only) and a huge seating area for customers. The kitchen is suitable for almost any other type of cuisine as it includes all necessities like a hood & grease trap with quality ovens, refrigerators, etc. Many of the employees have been on since opening 3 years ago and have no plans to leave. As the other businesses in the shopping center are unrelated & operate on standard business hours, after 7PM the parking lot is exclusively dedicated to this business. Current financials reflect break even, and average monthly sales of $48k; an experienced operator should be able to fine tune and immediately realize a profit, as the current owner had very little experience prior to opening this location. This business is being offered at a discount of replacement cost so please act fast! Please do not talk to employees of the business as they are unaware of the sale.
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