MergerPlace

Profitable Frisco Texas Restaurant!

Texas (Collin)


  • Asking Price: $899,999
  • Gross Income: $1,791,138
  • Cash Flow: $332,249
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $51,550
  • Listing ID: #211136
  • Established: 2012
  • Employees: 6 FT / 24 PT

Business Description

This locally owned restaurant is located in an historic downtown area in Collin County Texas. The location is central to a rapidly expanding population and infrastructure. The owners have carefully and tastefully built a successful business by developing an outstanding wine assortment, a delightful matching food menu and a relaxing, rustic indoor/outdoor atmosphere complemented by outstanding live music. Their live music has been rated #1 in the local area. Their business was recognized in 2017 as the business of the year in their community. They are open six days a week for lunch and dinner. The success of this restaurant is founded on their attention to detail, commitment to customer service and the consistent approach to being the best every day. This restaurant is approaching $2 million in revenue and will continue to grow with new owners if they follow the same blueprint established by the current owners.


Business Details

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

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT / 24 PT

Financial Information

Asking Price: $899,999
Gross Revenue: $1,791,138
Cash Flow: $332,249
FF&E: $51,550
Seller Financing Available: No

Property Information

Facilities:

The business is located in a leased building of 1,400 square feet and a total of 3,000 square including the outside space. New buyers can negotiate a new lease with the landlord.

Growth & expansion opportunities:

Expansion of lunch business, parking facilities in the back of lot will allow for easier customer access and more community marketing.

Competition:

High competition in this growing area in Collin County. Over 50 new restaurant establishments have opened since 2016. The balance to that is the rapidly expanding population growth and infrastructure which is bringing more families and employees to the area. The key is understanding your targeted customer and keeping your restaurant focused on their enjoyment. The current owners have done an outstanding job of this.

Reason for selling:

The owners have diversified business interests that require their time and resources beyond what they require to run this restaurant.

Support & Training:

Will train for 2 weeks @ $0 cost. Full service restaurant with a well trained staff and mangers. Vendors for all food and alcohol products are established and consistent. Liquor license and occupancy permit are up to date.

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Business Listed By:

Thomas Foster

Murphy Business Brokers