37489- Quick Service Southern Restaurant with Property!

TX

Seller Financing Available
37489- Quick Service Southern Restaurant with Property!
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Asking Price: $575,000

Cash Flow: $55,000

Gross Revenue: $579,000

EBITDA: N/A

FF&E: $125,000

Inventory: $75,000

Real Estate: N/A

Established: 1985

37489- Quick Service Southern Restaurant with Property!

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Business Description

All-inclusive with real property! The company is a quick-service restaurant specializing in drive-thru service and franchised catering events. The company’s primary products include catfish, seafood, chicken and chicken fried steak entrees with a wide variety of side choices. The 4,000-square facility has an approximate seating capacity of 100 with current fixture set up. The included property has been appraised and has an approximate value of $475,000. It’s located just over one mile from I-20 and has several positive reviews from locals and travelers alike. The facility includes a storefront dining area, a commercial grade kitchen and office space. The personnel are likable and capable, leading to the proven track record supported by its longstanding reputation. Marketing efforts currently focus on using social media and word of mouth to target commercial enterprises and locals within East Texas. Increasing the marketing budget would lead to a more substantial presence and increased revenues. Revenues have been fairly steady over the past five years. Last year, the total revenues were $579,124 with an SDE of $55,000. 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
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owner will be available for a standard transitioning, a strong team of employees would stay after the sale.
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(from currently available funds)
 
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IAG Buyer Division

Business Listed By:
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IAG

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