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Businesses For Sale > Business For Sale in Granbury, Hood county, Texas (TX)

Granbury Grill Bar & Martini Lounge 18413 for sale in Granbury, Hood county, TX

Granbury, Hood county, Texas (TX)

Asking Price: Gross: Cash Flow:
$ 199,000 $ 500,000 $ 60,000

Furniture and Fixtures Value:
$ 100,000 (included in the asking price)

Inventory Value:
$ 10,000 (included in the asking price)

Business Summary:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, 2 unique restaurant concepts located in Granbury, Texas and sharing a kitchen. Concept 1 is featuring an open 2-storey seating area. Concept 2 is an upscale dining and martini lounge offering new menus every 8 weeks in an intimate dining experience. Both restaurants have built a growing and loyal following. The restaurants are located in a bright, cheery courtyard building setting a vibrant mixed retail and business development serving Granbury and the local communities. The prime location benefits from weekend tourism and is a travel destination for locals. 1) The casual grill and bar attracts and appeals to a wide variety of customers offering fresh grilled foods. It boasts the largest bottled and draft beer selection in Granbury. 2) The upscale dining and martini lounge attracts and appeals to upscale diners seeking a unique culinary experience with Granbury s only martini lounge. This is a strong location with excellent potential. The asking price for the assets of the business is $199,000 including inventory at cost of $10,000, all FFE (Furniture, Fixtures & Equipment) valued at $100,000. $75,000 down, balance commercial bank financing and up to $30,000 seller-financing to a qualified purchaser. All financing is to be personally guaranteed by the purchaser. The Purchaser will need to assume 1) dishwasher lease (~$166/mo) and 2) Icemaker lease $250/mo.

 

   
Year Business was Established: 2006
   
Number of Employees: 10  
   
Facilities / Terms of Lease: The ~3000 SF space fronts onto a busy road. This high visibility space is leased for base monthly rent of $3500. The landlord is willing to provide a long-term lease. The Purchaser will need to assume 1) dishwasher lease (~$166/mo) and 2) Icemaker lease $250/mo. The restaurants are located in a bright, cheery courtyard building setting within a vibrant mixed retail and business development serving Granbury and the local communities. The prime location benefits from weekend tourism and is a travel destination for locals.  
   
Potential Growth/Expansion: This is a strong location with excellent potential. The business is growing 25%+ over prior year. A new owner can continue to grow the business in several ways: Continued hands-on ownership Improve street signage Implement a basic advertising and marketing program Print and distribute menus to businesses, B&B s & residences Direct mail surrounding neighborhoods using mail list  
   
Owner willing to finance: $75k down, commercial bank financing and up to $30k seller-financing  
   
Owner willing to train: The seller will train a buyer for 2 weeks included in the purchase price and is willing to remain for a longer period at mutually agreed remuneration  
   
Reason for selling: Family  
   
Seller Reference Number: 18413 Grnb
BusinessMart.com Listing Number: 68176
 

 

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For more info contact:

Jeff Adam

Adam Noble Group
817-467-2161

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