MergerPlace

Popular Growing Lunchtime Cafe/Market Op

Texas (Collin)


  • Asking Price: $720,000
  • Gross Income: $974,983
  • Cash Flow: $259,329
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $169,400
  • Listing ID: #217934
  • Established: 2004
  • Employees: 10FT/4PT

Business Description

Murphy Business Sales is pleased to present to suitors who are in the “Restaurant” space. This family owned restaurant has a loyal, dedicated customer base with a solid reputation including being voted “Best Neighborhood Restaurant” in D Magazine the last four years. They provide unique and high quality items offering a home style Café setting and a Market for shopping customers looking for unique and favorable menu items to take home.

It offers three solid revenue streams including:

A sit-down cafe specializing in hot & cold sandwiches, oven roasted chicken & fish, fresh homemade soups and side salads.

A country market shop with old fashioned casseroles, meatloaf, smoked brisket, schnitzel, sausages & bakery items (both fresh and frozen options).

A catering department that offers a wide variety of ethnic cuisines from Mexican to BBQ to Steak & potato. Included in their menu items are world famous cheese dips: pimento, pecan cheddar, smoked Jack, spicy artichoke, crunchy spinach and many more unique offerings.

Breakdown of products/service by Sales Volume:

Sit Down Café: 50%

Prepared Meals Market: 30%

Outside Catering: 20%

Business has over 10 employees including 6 Full Time and 4 Part time. There is an experienced Kitchen Manager that is a key employee in operations with over 8 years of experience in this role. They have had a low employee turnover with a solid, experienced staff.

The business is run by a husband and wife. The husband manages the financials and scheduling. The wife monitors the day to day operations, sales and purchasing.


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: 10FT/4PT

Financial Information

Asking Price: $720,000
Gross Revenue: $974,983
Cash Flow: $259,329
FF&E: $169,400
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

The Restaurant/Market shop sets on a strip mall property with a 4,300 sq ft. It takes up 3 strip mall store fronts. The property is situated in an extremely fast growing location in Collin County Texas. Monthly Rent is $6,600. The current lease expires in Nov 20, 2020. Options to renew 3 year increments. They have a good relationship with the property manager/landlord.

Growth & expansion opportunities:

Expand Hours Open for Dinner (Could expect 30% Rev increase) Open for Sunday Brunch (Could expect 3-5 K per day) Open for Breakfast (Could expect 20% Rev increase) Increase Marketing and Advertising Expand Catering

Competition:

The restaurant provides excellent customer service, and performs well in a competitive market.

Reason for selling:

Owner is retiring.

Support & Training:

The owners monitors daily operations - they have a general manager that manages the business on a daily basis. Willing to train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Ken Pokorny

Murphy Business Brokers