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HEB Anchor Popular Neighborhood Restaurant Gross 260K Gross Annual

Spring, TX
Kitchen
Asking Price:$150,000
Gross Revenue:$298,651
EBITDA:$48,488
Established Year:2014
Cash Flow:$48,488
Inventory:$2,000
FF&E:$80,000
Listing ID: 2220421Listing provided by BizBuySell
BUSINESS DESCRIPTION

High Traffic Nik 's Steak and Seafood

HIGH HIGH traffic in same building with HEB. Buy this stable income restaurant business in stead of building your own. Construction cost alone for this will be around 320k..Neighbors are two very popular desert places (Teahouse & Yogurt).The Business has been in operation for the past 9 years ...customer are rated really high on YELP...Landlord has approved on Lease Renew when it expires in next year base 4365/month, NNN Perfectly fit for family run start up. Food price is currently under market, replacing menu with new prices can increase 10-12% on gross income. SORRY..NO OWNER FINANCING. NO SBA Loan

NDA link:
https://form.jotform.com/241016495962056

Introduction Video Link:
https://www.youtube.com/watch?v=g-Dh4oDYHOo

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
kitchen has 9 years old equipment..clean and neat. Main dining fits approx 10 tables..Walk in Cooler 6 x6x7 built in 2014..regularely maintained
Competition
The business owner has a benefit protection from the landlord also owner of HEB to make sure there is no conflict of interest between tenants. Chinese food menu won't be accepted by the landlord.
Growth & Expansion
Menu price is unbelievable low, you can grow gross sale 10-12% just by changing the menu with small raise on price. Tray party, space to install little bar are other ways to get more cash flow. Capacity is current not at highest, can add 8-10 seats in serving area.
Financing
Cash buyer only.
Support & Training
Seller will train on recipe to new owner 2 weeks from the closing day. training time is very flexible
Reason for Selling
Seller will move to another city for his daughter college
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