MergerPlace

Upscale, profitable Restaurant

Texas (Collin)


  • Asking Price: $799,999
  • Gross Income: $2,095,884
  • Cash Flow: $253,873
  • Real Estate: Not Disclosed
  • Inventory: $310,202
  • FF&E: $13,441
  • Listing ID: #204541
  • Established: 2004
  • Employees: 5 FT/ 15 PT

Business Description

Classic, long standing neighborhood bistro setting in a friendly, casual atmosphere that has a devoted following with locals and frequent visitors. Located in an upscale retail shopping center in a rapidly expanding community in Collin County, this restaurant is noted for it's baked goodies, desserts and classic French entrees. There are several positives for a new owner:
1. Experienced general manager in place that will stay on with the sale.
2. A portion of this restaurant was newly refurbished in 2016.
3. The current owner is wiling to finance a minority portion of the sale price for the right buyer.
4. Current owner will work with a new owner on a smooth and orderly transition.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
County: Collin

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT/ 15 PT

Financial Information

Asking Price: $799,999
Gross Revenue: $2,095,884
Cash Flow: $253,873
FF&E: $13,441
Inventory: $310,202
Seller Financing Available: No

Property Information

Facilities:

A leased commercial space in a retail shops location. The restaurant has been located here since it opened in 2004. The retail shops center continues to grow and add tenants as the community has expanded around with commercial buildings and residential homes.

Growth & expansion opportunities:

New growth opportunities lie in expanding marketing to the surrounding growing communities, to hosting more catered events and private dining events. The higher wealth of the Collin County community can support newer, upscale food and drink selections.

Competition:

Competition in this growing Collin County community is very aggressive with new restaurants opening every year starting in 2016. New developments for retail, commercial and residential projects will increase population, traffic and see more restaurants opening.

Reason for selling:

Owner founded and has owned this business since 2004. He is involved in other business interests that require more of his time. Family that has worked in the restaurant wants to retire.

Support & Training:

Will train for 2 weeks @ no cost. Full service restaurant with breakfast, lunch, dinner and Sunday brunch menus. Noted for the French cuisine, baked pastries, desserts and a full wine, beer and cocktail list.

Contact Business Seller

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Business Listed By:

Donald Wendel

Murphy Business Brokers