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Award-Winning Collin County Steakhouse Owner Profit $899,164

Collin County, TX

Seller Financing Available
Award-Winning Collin County Steakhouse Owner Profit $899,164
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Asking Price: Get Financing: $1,800,000

Cash Flow: $899,164

Gross Revenue: $2,096,806

EBITDA: $899,164

FF&E: $1,740,000

Inventory: $100,000

Lease Rate: $13,226.67 /Month

Established: 2002

Award-Winning Collin County Steakhouse Owner Profit $899,164

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Business Description

16-year Established French Steakhouse Revenue $2,096,806

Collin County touts this well-established and well-known steakhouse as a dependable, award winning eatery with a retro French flair. This iconic restaurant offers culinary delights such as prime steaks, fresh caught seafood, mouthwatering appetizers, crisp salads, and rich desserts. Frites and cocktails are always an enjoyable addition to any choice meal. The upscale interior is reminiscent of a 1960s Parisian restaurant, along with a sophisticated, yet fun vibe. The layout of this fine family dining venue encompasses 2 private dining rooms, a generous lakeside outdoor dining patio, and a fully stocked chic bar.
The menu blooms with new dishes often giving returning and first time patrons delicious excitement with every turn of the menu page. Popular dishes include apple smoked bacon wrapped Texas quail, jumbo lump crab cakes, prime boneless rib eye 16oz (and up to 22 oz), beef bourguignon, crème brulee, dessert wines, Cognac, Armagnac, Calvados, Espresso, and much more. This is the perfect locale for brunch, lunch, dinner, or beverage rendezvous with friends. The Owner enjoys a healthy net income of $899,164 and states that the employees are seasoned and polite. Additionally, the Landlord is easy to work with when needed. This restaurant is placed well in the highly desirable mega shopping, dining, and living sector of Collin County. Added benefit – this area is experiencing a massive economic boom.

Contact Scot A. Jones Office PH: 214.495.9200 or
email Jones@JonesCorporate.com for financial statements and additional information on this company.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,700
Lease Expiration:
7/20/2025
Employees:
4 FT / 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
About the area: TEXAS - Rated #2 for it’s housing of Fortune 500 companies, edging out California. Texas continues to see an influx of businesses relocating to the state. The Dallas-Fort Worth Metroplex is especially successful in luring large companies to the region. Already home to corporate giants such as AT&T, Frito Lay, and Pizza Hut, Dallas will be the new headquarters for Liberty Mutual Insurance, Fannie Mae, and Toyota. This DFW Metroplex also attracted companies like Raytheon, Torchmark, Emerson Process Management, Wistron GreenTech, Tong Yang, Tenant Tracker, Encore Wire, Simpson Strong-Tie, Traxxas, and others. This business friendly/people friendly region is exploding with many competitive advantages creating a growth-oriented environment for businesses.
Financing:
Negotiable
Support & Training:
Owner to provide training to purchaser to secure a proper and complete transition; training to be detailed on the Purchase Agreement.
Reason for Selling:
Owner's health is requiring retirement
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Scot A. Jones

Business Listed By:
Scot A. Jones

The Jones Group

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