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Listing View: Indian Restaurant -Banquets Buffets Catering - Addison, Texas


Indian Restaurant -banquets Buffets Catering
Addison, Texas

Offered at:
$199,000

Office Listing #   19629
Revenue: $800,000 / year
Cash Flow: $144,393 / year
Lease Rent: Contact For Info
Square Feet: 6600

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 Listing Description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well-established Indian Restaurant offering delicious Indian dishes (vegetarian and non-vegetarian) in a relaxing atmosphere. The seller finished the lease space and purchased new equipment in 2007. The restaurant has a loyal and dedicated following the owner estimates that 75% of the client base are repeat. Banquets and catering also generate ~15-20% of monthly sales. Known for its consistent and quality food, the restaurant offers extensive lunch/dinner buffets and menu service. The restaurant will benefit from a new owner''s energy and promotion of the patio and bar service. The owner converted the current space and opened the current concept in 2007. He built the business by offering excellent and delicious food prepared and served by attentive staff. The restaurant is very popular amongst the Indian community, especially for weddings. The owner has made a lot of money and is ready to exit the food business and start a retail store. The asking price for the assets of the business is $199,000 ALL-CASH or BEST OFFER. The assets include inventory at cost of $3,000 and FFE (Furniture, Fixtures and Equipment) valued at $75,000. A purchaser will need to assume the dishwasher lease (approximately $275/mo).

General Information
Contact Information
Organization:   Corporation
Year Established:   2007
Current Owner:   Contact For Info
# of Employees:   10
Seating:   150
Square Foot/Size:   6600
License(s) Required:   Contact For Info
Reason For Sale:   burn-out - moving into smaller, non-food retail business
     
Financial Information
Revenue:   $800,000 / year
Cash Flow:   $144,393 / year
Payroll:   Contact For Info
Current  Inventory:   $3,000
FF&E:   $75,000
     
Financing Information
Down Payment:   100,000
All Cash:   144,393
Listed by:   Jeff Adam
 A Megabite Restaurant & Bar Brokers
Email: Email Seller
Phone:  817-467-2161
Fax:  1-877-467-2161
Website:  www.megabite-rb.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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