Irving Indian Full-Service Restaurant or Conversion Opportunity 19856

Irving, TX (Dallas County)

Seller Financing Available
Irving Indian Full-Service Restaurant or Conversion Opportunity 19856
Contact Seller

Asking Price: $200,000

Cash Flow: $75,000

Gross Revenue: $1,080,000

EBITDA: $75,000

FF&E: $50,000

Inventory: $8,000

Rent: $13,734 /Month

Established: 2016

Irving Indian Full-Service Restaurant or Conversion Opportunity 19856

Save Print Share Valuation Report

Business Description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well-established, full-service absentee-owned South Indian restaurant offering delicious Indian dishes (vegetarian and non-vegetarian) in the Irving Los Colinas area.
The owner describes the business as being located near large businesses and in a densely populated Indian community. The loyal and dedicated customer base comes from two distinct groups: nearby businesses and local residences. The business is located along a high traffic major thoroughfare.
The seller finished out the new construction lease space and opened in 2016 with a total investment $450,000. Known for its consistent and quality food, the restaurant offers a lunch buffet and dinner menu service. The restaurant has many growth opportunities and is well-located in the densely populated and busy commercial area of Irving Los Colinas.
The asking price for the assets of the business $200,00 ALL CASH or $300,000 with $150,000 cash down plus $150,000 seller financing to a purchaser qualified and approved by the Seller. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include inventory at cost of $8,000 and Furniture, Fixtures and Equipment valued at $50,000.
We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information
KEYWORDS: restaurant, food, vegetarian Catering, biryani, biriyani Indian recipe, curry, south north cuisine spice spicy seasonings Asian Chinese Tandoori lamb goat mutton chili Tikka Masala Kofta Kabab Bhuna kashmiri Sell my Indian Restaurant For Sale

Attached Documents


Detailed Information

Location:
Irving, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2022
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant consists of ~5,000+/- SF offering inside seating for 151 + additional patio seating. The open concept bar/restaurant is on 1 floor. The floorplan consists of a main dining room, front bar, covered patio area, Men’s and Ladies 3-fixture restrooms, walk-in beer cooler, walk-in kitchen cooler/freezer combo, dry storage, office and prep kitchen. Facility is leased for $13,734/mo +NNN. The Seller believes that the landlord will offer a long-term lease plus renewal options to a qualified tenant.
Competition:
The food service industry is very competitive, and this Indian restaurant is no exception. The local market has a range from small local mom & pop’s to large international food chains including fast casual, quick service and full-service Indian restaurants. HOWEVER, the Owner feels that no area restaurant bar offers the food quality, atmosphere, growth opportunity, capacity and sheer enjoyment of this business.
Growth & Expansion:
This is a strong location with high volume and excellent potential. A new experienced food-service owner-operator can continue to grow the business and profits in several ways including 1) hand-on owner management to improve service, 2) marketing (none currently in place), 3) social media marketing including Facebook, Yelp, 4) email marketing, 5) expand catering, 6) reduce food & packaging cost, 7) expand current hours, 8) market lunch to large local business and corporate market
Financing:
Price $200k CASH or $300k with $150k down & $150k Seller Financing
Support & Training:
The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for up to 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, in a consulting role, if desired by a purchaser, at mutually agreed compensation.
Reason for Selling:
Absentee Owner
Contact Seller

Contact the Seller

Contact Seller Loading

MegaBite Restaurant & Bar Brokers

Business Listed By:
MegaBite Restaurant & Bar Brokers

Adam Noble Group

Show Phone Number

View My Listings


Sponsoring Broker:
Jeff Adam

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1632789 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


Freddo

Franchise Opportunity In TX
Capital Required: $150,000