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Elegant Prime Steak House
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1000000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1993
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Seller will provide training to new owner for a smooth transition.
Reason for Sale Retirement.
Description Established since 1993 prime steakhouse located in the hub of fast growing city's historic downtown is now available for acquisition. This gorgeous steakhouse is occupied in a two-story historic stand-alone building which features elegant full bar, piano lounge, and private dining rooms that can accommodate small to large groups. The restaurant serves prime steaks, seafood, and extensive international wines. The restaurant has received many awards over the years as ''Best Steakhouse'' from various magazine and newspapers. The most recent annual revenues of the steakhouse are reaching around $1 million a year which is a great achievement considering the restaurant opens dinners only from Monday thru Sunday. Opening lunches is a great upside opportunity for new owner to instantly boost current revenues. Real estate included in the sale is appraised at $1.5 million. This is a great opportunity to acquire a rime steakhouse with real estate located in the hub of historic downtown of rapidly growing city.
Asking: $1,600,000
Furniture, Fixtures & Equipment: $70,000 (Included in listed price)
Inventory: $25,000 (Included in listed price)
Real Estate: $1,500,000 (Included in listed price)
Financing: Third party financing with 20% cash down
Facilities: Occupied in a 6,461 SF of a two story stand alone building located in the hub of downtown of a rapidly growing city in N. Dallas. The building features a gorgeous full bar with private dining rooms to accommodate small to large groups. Fully equipped kitchen is immaculate maintained.
Competition: No direct competition found within 3-4 miles.
Growth And Expansion: Currently, no pro-active marketing is being done which is required to grow the business. Since the restaurant only opens in dinner, opening lunch could instantly add more revenues to the restaurant.
Primary Phone: 972-247-3202 or 866-519-2421
Click Here To Contact Seller
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