Upscale Steak and Seafood with Huge Upside

Sherman, TX (Grayson County)

Seller Financing Available
Upscale Steak and Seafood with Huge Upside
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Asking Price: Get Financing: $850,000

Cash Flow: $172,000

Gross Revenue: $728,000

EBITDA: N/A

FF&E: $119,000

Inventory: $25,000*

Real Estate: $250,000

Established: 2002

*not included in asking price.

Upscale Steak and Seafood with Huge Upside

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Business Description

One of a kind upscale steak and seafood house offering an extraordinary dining experience for their customers. The restaurant has a superb reputation with plenty of opportunities for upside through catering, private parties, or a Sunday Brunch. The current owner took over in 2002 and is selling the business and real estate. Will consider seller financing provided the buyer has a 1) successful track record 2) at least 20% equity, and 3) an excellent credit history.

To receive a package, please complete and return the attached NDA.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,092
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant is located within 1/2 mile of the busiest shopping center in the region. The site is a charming 1930's farmhouse on 2.13 acres with plenty of parking and a rural, out of the way feel. Out back is a shaded patio with a privacy fence and seating for 90.
Competition:
This restaurant has very little competition for the upscale dining customer.
Growth & Expansion:
The restaurant is open six days a week for dinner only. (32 hours) They routinely decline requests for catering, private parties, and Sunday brunch.
Support & Training:
To be determined.
Reason for Selling:
Health
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Contact the Seller

(from currently available funds)
 
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Mike Sandel

Business Listed By:
Mike Sandel

Henry S. Miller Co.

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