MergerPlace

Cafe

Texas


  • Asking Price: $199,900
  • Gross Income: $200,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $34,000
  • Listing ID: #215696
  • Established: 2018
  • Employees: 2 FT/ 1 PT

Business Description

The owners opened The Spot Cafe in New Home, Texas on the corner of the highest traffic area, one block from the New Home School in February 2018. This popular and successful cafe was totally remodeled including; new flooring, furniture & fixtures, bathrooms, plumbing & electrical, paint and upgraded restaurant equipment. The cafe supports a good home-style menu and is the only restaurant in town. The business is managed daily by husband and wife only. In the summer months a part-time employee is utilized, which is their daughter. 2 previous employees would like to return to work and owners say they are well qualified to run business.


Business Details

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

Company Information

Year Established: 2018
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/ 1 PT

Financial Information

Asking Price: $199,900
Gross Revenue: $200,000
FF&E: $34,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

The cafe operates out of a 1,260 sq ft Free Standing building on a 0.161 acre lot. The real estate is owned by the Seller.

Growth & expansion opportunities:

Huge potential to increase revenues are: Earlier Breakfast Hours Open Longer Hours Open Saturday and Sunday Add Dinner Hours Delivery Services Catering Services School Lunches Offer Catering to sporting teams for traveling schools Possible off Campus Lunch

Competition:

No local competition. Nearest restaurants are in Lubbock (8 miles).

Reason for selling:

Husband and wife team run business solely and the family is welcoming their 4th child and the wife is returning to the home.

Support & Training:

Will train for 2 weeks @ no cost. The Cafe caters to school children & families, sporting events, farmers, harvest season and other local events. The menu includes Breakfast Burritos, breakfast plates, hamburgers, chicken dinners, salads, nachos, and other entrees. The cafe also serves ice cream and various desserts. State food service licensing is required to operate this business.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

David Powell

Murphy Business Brokers