37448-Full Service West Texas Restaurant and Bar

Midland County, TX

37448-Full Service West Texas Restaurant and Bar
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Asking Price: $450,000

Cash Flow: $140,000

Gross Revenue: $1,600,000

EBITDA: $72,000

FF&E: $125,000

Inventory: $55,000

Established: 1999

37448-Full Service West Texas Restaurant and Bar

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Business Description

The full-service restaurant and bar offers elegant dining with fresh seafood, hand cut premium steaks, and the most extensive wine list in the area. The Company operates from a 4,600 square-foot facility, which it leases. Offering these services requires equipment for cold storage, commercial grade kitchen equipment, and trained personnel to prepare and serve food and beverages. The Company has a proven track record, supported by four and five Star reviews such as "I would strongly encourage anyone to eat here." With its diverse menu and reputation for high-quality food, marketing efforts focus on targeting individuals living and visiting in the local area. Last year, total revenue was $1,4M with a Discretionary Earnings of $77k. 2017 projects over $1.6M in sales (14% increase) and over $140k in Discretionary earnings. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Management in place, the current owner is flexible for transitioning.
Reason for Selling:
Approaching retirement.
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