Restaurant For Sale - Corpus Christi, Texas, TX - Nueces County

PROFILE: Landmark Restaurant Great Location. Loyal Customer Base.

AD/LISTING INFORMATION
Status: Available
State: Texas
Location: Corpus Christi
County: Nueces
City: Corpus Christi
Primary Category: Restaurant Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  129698
Seller Or Contact:  Rick Connelly
Primary Phone:  361-994-9745
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  9/20/08
Date Ad Last Revised:   9/20/08

FINANCIAL INFORMATION
Asking Price: $599,000
Down Payment: Call/Email
Annual Revenue: Call/Email
Annual Adjusted Net: $245,000
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: Yes
Bkr To Bkr Cooperation: Yes

DESCRIPTION: This Is A Wonderful Opportunity To Own A 30 Year Landmark Restaurant In One Of The Top Growth Markets In Texas. Prime Major Road Frontage, Strong Name Recognition, Very Loyal Local, Tourist, And Military Customer Base. Built By The Owners In 1977, It Has Enjoyed 30 Years Of Profitable Growth. Attractive Building Inside And Out, Large Dining Room With Separate Bar Area, Two Private Meeting Rooms. Seats 210. Large Fully Equipped Kitchen With Great Traffic Flow. Attractive Wood Oven As You Enter. Extra Large Food Prep And Dry Storage Area. Owner Will Sell Business With Or Without The Property. This Is A Great Investment In A Strong Growth Area. Years Of Profitable History, Solid Reputation And Great Growth Potential. This Is A "Turn Key" Business With Excellent Cash Flow!
Inventory: $30,000 (Included In Asking Price)
Ff&e: $145,000 (Included In Asking Price)
Real Estate: $550,000 (Included In Asking Price)
Seller Financing: Terms May Be Possible
Year Established: 1977
Employees: 7 Full Time - 3 Part Time
Market Outlook And Competition: Massive Growth Area. Real Estate Increase Average Of 20% Each Year.
Management Training And Support: 30 Days Or As Needed
Reason For Selling: Owners Are In Their 70's And Want To Retire
Very Motivated

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Need financing for your down payment or to buy a business? Use your RETIREMENT FUNDS - 401k, IRA to fund a down payment or to finance the purchase of a business - tax free and penalty free! Call Tracy Piippo now at 800-518-4463 (24 Hr) for a complete information packet and for details on how to utilze your retirement funds without paying taxes and penalties!



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