Buffet Family Restaurant/profits & sales exceed prior year

This 23 year old well known buffet restaurant that serves 1,100-1,500 customers a week for lunch only and Friday night. An excellent opportunity for a family run operation with time left for family activities. Its convenient location, its food quality, relaxed atmosphere attracts a broad range of customers from families, kids, professional, business folks. It is located near a number of businesses and a major interstate. This restaurant is a household word. Sales for 2009 were $591,368, up $38K over 2008, Building is in good condition and is owned by the owner who did $14,937 in capital upgrades in 2009. If you want to be in the food businss in Central Texas with a casual atmosphere at a good price with limited hours this is the opportunity for you! Limited hours and great sales and food.

Please refer to listing ID: FP

Industry:  Food and Beverage
Industry Segment:  Restaurants
Geography:  United States > Texas
Asking Price:  $370,000
Gross Revenue:  $591,368
Gross Revenue Comments:  2009
Cash Flow:  $99,603
Cash Flow Comments:  2009
Value of Inventory:  $3,000 (Included in Asking Price)
Value of Equipment:  $50,000 (Included in Asking Price)
Value of Real Estate:  $230,000 (Included in Asking Price)
Seller Financing:  None
Year Established:  1987
Number of Employees:  9 full time -
Mgmt. Training/Support:  Owner will provide transitional training
Reason For Selling:  career change after 24 years
Facilities:  4,000 sq.ft building with seating for 160 on .94 acres of land with ample parking and space for drive-thru; built in 1987 with steel structure and metal roof; in good condition; located on a busy highway near a major Interstate. Owner owns the real property and will include it in the price.
Market Outlook/Competition:  Competition in the area but this location is well known for its food and has established a positive reputation over 20 years. Gross revenue has increased every year since 1987 except one year. This is a super opportunity.
Email:  bbs@brazosbusinessservices.com

 

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Brazos Business Sevices
6515 Sanger Ave., Suite #22
Waco, Texas 76710
Voice: (254) 751-1177 ~ Fax: (254) 751-1102
www.brazosbusinessservices.com ~ bbs@brazosbusinessservices.com


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