37448-Full Service West Texas Restaurant and Bar

Midland County, TX

37448-Full Service West Texas Restaurant and Bar
Contact Seller

Asking Price: Get Financing: $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

Get Financing Save Print Share Valuation Report

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

Inventory:
Included in asking price
Employees:
35
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.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

IAG Buyer Division

Business Listed By:
Buyer Division

IAG

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1415733 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Philly Pretzel Factory

Franchise Opportunity
Capital Required: $150,000