37539-All-Inclusive Sale of Cajun & Seafood Restaurant

TX

Seller Financing Available
37539-All-Inclusive Sale of Cajun & Seafood Restaurant
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Asking Price: $703,000

Cash Flow: $92,000

Gross Revenue: $908,000

EBITDA: N/A

FF&E: $245,000

Inventory: $10,000

Established: 1992

37539-All-Inclusive Sale of Cajun & Seafood Restaurant

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Business Description

Full-service quality restaurant specializes in classic southern style dishes, including their newly-added and vastly popular Cajun-flavored tacos, filled with shrimp, crawfish tails, blackened chicken and smoked shredded pork. Guaranteeing a touch of New Orleans to their very diverse seafood and variety of burgers, also provided are certified Angus Rib Eye Steaks, fresh grilled salmon, red snappers, oysters, charbroiled and on the half-shell. Located on a prime highway location, the 7,290-square foot facility features a dining area, commercial grade kitchen, compressed walk-in coolers, air conditioner, and office space; all equipment is up-to-date and in excellent condition. With a proven track record supported by experienced personnel and 27 years of ongoing business, marketing efforts focus on targeting its broad range of menu items towards individuals within Gregg County of Texas. Company continues to attract new clients, seating up to 14 meals a week and earning rankings in the area’s Top 5 travel-focused websites, as their large customer base and strong local reputation project a 30% growth and presents an easily-attainable profit opportunity for a strategic buyer. Total revenues for 2017 were of $908,381 with Seller’s Discretionary Earnings of $92,000, based off an independent evaluation!

Detailed Information

Inventory:
Included in asking price
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right price
Support & Training:
The owner will be available as needed for a standard transitioning period.
Reason for Selling:
Approaching retirement
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(from currently available funds)
 
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IAG Buyer Division

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Buyer Division

IAG

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