Business Summary:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a casual steakhouse located on busy Highway 377 between Granbury and Stephenville, Texas. The location is spotless and has a tremendous reputation for high quality food and friendly service. 90% of the guests drive at least 15 miles to experience the restaurant’s offerings! The restaurant’s slogan is: Big City Taste! Bluff Dale Charm! And they deliver on that promise, as evidenced by the numerous positive comments every night from their Guests. Fresh grilled asparagus with scampi butter and roasted almonds, jalapeno glazed grilled double chicken breasts, the only 20 oz. hand cut choice Rib Eye in the county, Dr. Pepper glazed Norwegian Salmon with roasted pecans, and the house dessert specialty, cinnamon pecan bread pudding with Jack Daniel’s Bourbon glaze are just some of the reasons their Guests drive the distance just to experience these great flavors! Price $110k: $55k down & $55k Seller-financing to a qualified Purchaser or $82k ALL-CASH. The assets include inventory at cost of $3,600 and FFE (Furniture, Fixtures and Equipment) valued at $50,000.
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| Year
Business was Established: 2005 |
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| Number of Employees:
7 pt |
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| Facilities / Terms of Lease:
The ~1100 SF free-standing building sits on approximately 1 acre on Highway 377 between Granbury and Stephenville near Bluff Dale. Seller advises that traffic count is ~12,000 vehicles per day. The facility seats approximately 72 inside with an optional (unused) covered patio seating 25-35. The 3 yr lease rate is $1,500/month and expires ~December 31, 2012 with one 5-year renewal option at $1,800/month. The security deposit is ~$0. Purchaser is responsible for any real estate lease application or transfer fees. |
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| Potential
Growth/Expansion:
This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: • Continue hands-on owner operation • Extend hours • Add breakfast and lunch • Promote ”Banquet room” or “ meeting room” for rent for social events, meetings or birthday parties after hours or weekends • Targeted Local advertising and marketing |
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| Competition:
The only breakfast or lunch competition in the area are convenience stores. One other restaurant serves lunch Tuesday thru Saturday and dinner Friday and Saturday evening. |
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| Owner
willing to finance:
Price $110k: $55k down & $55k Seller-financing to a qualified Purchaser or $82k ALL-CASH. The assets include inventory at cost of $3,600 and FFE (Furniture, Fixtures and Equipment) valued at $50,000. |
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| Owner
willing to train:
The seller will provide 2 weeks training and ongoing telephone support, as mutually agreed, to ensure a seamless ownership transition. |
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| Reason for selling:
Owner has improved the business and plans to return to an Oceanside community |
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Seller Reference Number: 19402 BLuff Dal
BusinessMart.com Listing Number: 73247 |
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