Restaurant And Grill With Delivery For Sale - Irving, Texas, TX - Collin County

PROFILE: Long Established Newly Remodeled Restaurant And Grill. Semi-Absentee Run.

AD/LISTING INFORMATION
Status: Available
State: Texas
Location: North Dallas
County: Collin
City: Irving
Primary Category: Restaurant Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  112882
Seller Or Contact:  John Hohenbrink
Primary Phone:  469-675-1193
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  8/11/08
Date Ad Last Revised:   9/16/08

FINANCIAL INFORMATION
Asking Price: $89,900
Down Payment: Call/Email
Annual Revenue: $225,762
Annual Adjusted Net: $56,533
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: No
Bkr To Bkr Cooperation: No

DESCRIPTION: *** This Listing Has Been Sold! *** The Owner’s Have Lowered The Price For A Quick Sale! They Are Going Into Another Business And Need To Move Very Quickly. The Restaurant Offers A Large And Diversified Menu Selection That Includes Appetizers, Sandwiches And Wraps, Salads, Dinners And Desserts. The Restaurant Has Been Completely Remodeled With Tile Floors, New Walls And Ceilings, And A New Bathroom. The Kitchen Was Relocated And Expanded With New And Refurbished Equipment Throughout. The Dining Area Has New Furniture And Counters, Drink Dispenser, And Drink Refrigerator. The Restaurant Is Currently Being Run Semi-Absentee. With Only A 10% Revenue Increase In 2008 An Owner/Operator Should Expect A Cash Flow Of Over $90,000. Very Motivated Seller!

General Information
Facilities: Excellent Facilities Located In An Up-Scale Strip Center In The Heart Of The Las Colinas Business District. The Restaurant Has Been Completely Remodeled With Over $40,000 In Upgrades. All New Kitchen Equipment, Restroom, And Dining Room Furniture Have Been Installed.

Competition: No Direct Competition In The Area. The Owner Is Really Expanding The Business With Over 30% Growth This Past Year. Direct Marketing And Advertising In Area Hotels And Businesses Will Continue The Growth Into The Next Year.

Growth And Expansion: The Restaurant Actively Advertises And Delivers Menus To All Of The Area Businesses And Hotels. They Will Also Be Utilizing Direct Fax Advertising To The Area Businesses. They Expect Another Minimum Of 10-15% Growth In 2008. With Only A 10% Revenue Increase In 2008 An Owner/Operator Should Expect A Cash Flow Of Over $90,000.

Support/Training: Owner Will Provide Up To Thirty Days Training And Support. Experienced Manager And Support Staff Already In Place Would Allow For A Semi-Absentee Owner. Staff Would Like To Stay With The New Owner.

Reason Selling: Starting Another Business.
Year Established: 1990
Employees: 4

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