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Full Service Restaurant & Bar For Sale
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $847275
Net Profit / Cash Flow $203282
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1992
Number of Employees 10 - 19
Inventory 260000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.
Reason for Sale To free up time and capital to purchase another unrelated venture.
Description Opportunity to purchase well established, profitable full service restaurant & bar in north Dallas. Located at high traffic intersection in the heart of the Addison restaurant district. Attractive facility; fixtures and equipment in excellent condition. Interior has a classy look with a decor of dark woods, cut glass and brass accents to give the customer a casual, fine dining experience. Food and service receive consistent above average reviews. Varied menu that includes signature dishes, steaks, pork chops, fresh seafood, pasta & chicken dishes as well as a variety of appetizers, soups, salads, sandwiches and desserts. Full bar and wide selection of fine wines. Upscale private room available for business meetings, private parties, rehearsal dinners and wedding receptions.
Extremely motivated seller. The owner had no previous restaurant experience and has made a decision to go into another line of work. Priced to sell quickly. WILL CONSIDER ALL REASONABLE OFFERS! All financial information can be documented with tax returns, sales tax reports and TABC reports.
Seller will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement.
Asking price is $645,000. Additional business details are available. You will be required to document your ability to complete the proposed transaction. For more information on this full service restaurant and bar, please contact Stocker Travis at 972-783-1662 or e-mail.
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