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Full Service Restaurant/bar Richardson Tx For Sale

Richardson, Texas
Asking Price:
$385,000 (USD) Furniture / Fixtures and Inventory / Stock included
Turnover:
$810,771 (USD)
Net Profit:
$145,040 (USD)

Opportunity to purchase well known profitable restaurant/bar in a prime location in the north Dallas area. An American style restaurant with a menu that reflects a English pub or tavern theme. Long standing reputation for excellent food & service. Great atmosphere and ambiance. Has a neighborhood feel about it. Does live music some nights. All menu items are freshly made in house including the flavorful dressings, sauces and desserts. Spacious main dining room plus a second dining area that can accommodate up to 65 guests and can be closed off for private events & parties. The most attractive feature of the operation is the granite and custom built bar that is decked out in an eye-catching oak like wood décor. Patio seating outside is also available. The business model has been very profitable for the owner. Sales revenues are approximately 70% food and 30% liquor.

The seller is extremely knowledgeable in the restaurant industry having worked for Del Frisco’s, Sullivan’s Steak House and The Mansion before opening this business in December of 2016. He will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement.

Very motivated situation. He has been in the high end restaurant business for most of his life and is ready to take a break. Also driving one hour each way coming and going from his home in Denton. The seller will consider all reasonable offers at this point.

Financials: Tax Returns & Financial Statements

Monday - Friday 11:00 am – 10:00 pm. Sat 4:00 pm – 10:00 pm. 15 Employees

The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Broker Firm: Diversified Business Investments. Contact Stocker Travis Principal

Property information

Real Estate:

Lease

Premises Details:

Approximately 4,088 sq ft, monthly rent $10,224, lease expires 12/31/2021

Business Operation

Expansion Potential:

Adding a full time catering operation would increase profits substantially

Competition / Market:

Food & beverage industry always stable and thriving in the Dallas/Fort Worth metroplex

Reasons for selling:

To pursue another food & beverage opportunity closer to home in Denton

Employees:
15
Years established:
12

Other Information

Support & training:

Seller will train at no cost to buyer for two weeks

Furniture / Fixtures value:
$125,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

Contact Information

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