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Mexican & American Restaurant With Bar
Location: United States -> Texas
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Excellent downtown location with nearly 200 occupancy and new ovens and fires! This west Texas full service restaurant and bar serves lunch and dinner featuring high quality Mexican and American food. Using a to-go delivery service has raised awareness in the local community. Daily lunch specials make this is a popular lunch destination for many of the downtown office employees. The menu includes everything from tacos, enchiladas and fajitas to hamburgers, fried chicken, steaks, seafood and sandwiches. They also offer soups, salads and a kids' menu.

Their bar offers an assortment of wines and a variety of draft and bottled American and Mexican beers. Frozen Margaritas, Pina Coladas and their famous Sangria Swirl are also top choice cocktails available. The company has a proven track record, supported by testimonials written by customers over the years. Currently, 3% of revenues are derived from private or corporate parties with 20-40 guests, the location has a room which can accommodate up to 75 people. The new owner would do well to promote private party and catering services. Live music and dancing draw in large crowds on Friday and Saturday evenings. Conventions and Air Base Tours also draw in larger crowds during the day.

With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,526,000
Cash Flow:   $172,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $251,000
Seller Financing:  No

About The Business

Year Established:  1984
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale
Reason For Selling:  Approaching retirement




Print Listing Id: 700278484
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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