Successful Restaurant for Sale

Undisclosed Address, Texas
Business Opportunity for Sale
Also listed as Special Purpose
Successful Restaurant for Sale
Catylist Listing ID: 30587660
Property Subtypes: Food and Beverage
Building Size (RSF): 3,136 SF
Sale Price: $250,000
Name of Establishment: Undisclosed
Business Website Address: N/A
Franchise Parent Name: N/A
Year Business Established: 2005
Gross Revenue: $0 (Annual)
Cash Flow: $55,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Home Based: Yes
Sale Terms: Cash to Seller - Includes all furniture and fixtures, Also includes proprietary information and Training of New Owners
Last Updated: 9/25/2020

Overview / Comments

A very successful and profitable niche restaurant in a prime location of Lubbock, TX.
This unique restaurant has its own identity and following. Priced to include all of the Furniture and Fixtures as well as recipes and techniques. The ingredients are here for the perfect family operated facility. Reach out to Jack Chapman SIOR CCIM to find out the map to this fantastic opportunity.

Additional Details

Industry Segment: Restaurants
Reason for Selling: OWNER IS WANTING TO SLOW DOWN AND DEVOTE FREE TIME TO OTHER BUSINESSES. THE OWNER WILL PROVIDE TRAINING AND RECIPES TO INSURE SUCCESS TO THE NEXT OWNER
Value of Inventory Included ($): $1,500
Value of Furniture, Fixtures, and Equipment ($): $150,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: SHORT TERM ON CURRENT LEASE (END OF 2020), LANDLORD HAS HAD A HISTORY OF BEING VERY TENANT FRIENDLY AND EXTENSIONS ARE MOST LIKELY AT COMPETITIVE MARKET RATES MODIFIED GROSS LEASE
Employee/Labor Description: 1 Full Time up to 6 Part Time Employees. All cross trained to handle any position
Mgmt/Training Support Description: CURRENT OWNER WILL BE AVAILABLE FOR UP TO 3 MONTHS FOR TRAINING AND BUSINESS EDUCATION. AND LIMITED CONSULTATION FOR AN ADDITIONAL 3 MONTHS AFTER THAT
Competition/Market Description: THERE ARE OTHER RESTAURANTS THAT OFFER SIMILAR SERVICES HOWEVER NONE OFFER THE ATMOSPHERE AND AVAILABLE PRIVATE PARTY CAPABILITIES
Growth/Expansion Opportunities: COULD BE EXPANDED INTO MULTIPLE FACULTIES SHOULD OWNER ELECT TO DO SO. CURRENT OWNER WILL SIGN A NON COMPETE AGREEMENT
Seller Financing Description: CAN BE DISCUSSED WITH WELL QUALIFIED BUYERS (SUBJECT TO INTERVIEW AND FINANCIAL REVIEW)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,583 3,043
Median Age: 44.09 40.43
Households: 670 1,228

Contact

Photograph of Listing Agent

Jack M. Chapman SIOR CCIM

Westar Commercial Realty West Texas CIE Member
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