Iconic Dinner Only Restaurant / Bar
Location:
United States
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Texas
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Tarrant County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Seller reduces price to facilitate prompt sale! This very well known 40 year old restaurant/bar for sale is one of a kind! Generation after generation has celebrated anniversaries, birthdays, rehearsal dinners, Valentine's Day... at this very special restaurant. The restaurant is open for dinner only! Become the proud owner of this restaurant/bar and enjoy the prestige and the profits. The restaurant has plenty of room for large private parties as well as a kitchen large enough for catering while serving your regular customers. The restaurant is 9,500+- sq ft and seats 280 people. Sales are extremely steady as is the owner's cash flow! Rent is 7.5% of net sales + $555 for water, trash, and common area maintenance. Seller may consider partial financing to qualified buyer! If you are serious about owning a steady, well known, and profitable restaurant/bar and you are financially qualified, email or call Mark today at 972-385-1354 for additional information. Offered at $299,000.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$490,000
Cash Flow:
$100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $80,000
Seller Financing: Yes
About The Business
Year Established: 1968
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Yes, negotiable.
Reason For Selling: Seller desires a career change.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70098658
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