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Profitable Brunch and Dinner Eatery in Prime Location

Nueces County, TX

Seller Financing Available

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Asking Price:$1,000,000
Gross Revenue:$1,972,563
Rent:$10,000/Month
Established Year:2016
Cash Flow:$312,894
Inventory:$75,000
FF&E:$300,000
Listing ID: 2309445Listing provided by BizBuySell
BUSINESS DESCRIPTION

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-496901

This profitable Brunch and Dinner restaurant is located on the South Side of Corpus Christi. This restaurant has been in existence since 2016 and was started by two brothers. One is a Chef who developed proprietary recipes that will be transferred with the business, and the other brother manages the finances. The sellers will be relocating to the San Antonio area to pursue other ventures. In addition to the restaurant revenue, this business also caters to local parties and businesses.

The business has carved out a private banquet area that can be reserved for parties and special events during normal business hours. This restaurant is run semi-absentee as one of the owners’ relatives runs the day-to-day operation and is willing to stay under the new leadership.

Included in the asking price is $75,000 of inventory.

DETAILED INFORMATION
Location
Nueces County, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,000
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Restaurant is located in a Strip Center. FF&E Overview: Restaurant Equipment to include Refrigerators, Grills, Bar Area, and Tables and chairs. FF&E General Condition: Good
Competition
o Proprietary Recipes developed by the Chef o Kitchen Layout designed for maximum efficiency and thruput o Established supply chain for proprietary ingredients o Proximity to numerous Neighborhoods o Local Organic and healthy Offering o Private Banquet area carved out of restaurant for special events o Franchise able Restaurant Concept o Semi-Absentee Managed Business o Plenty of parking available for clientele o Bar area offering Beer and Wine o Breakfast is available all day o Brunch following on the weekends o Brand loyalty in the Area
Growth & Expansion
o Collaboration with Local Businesses: Partnering with local Corpus Christi businesses, such as local breweries, wineries and professional office buildings (catering). o Seasonal and Holiday Promotions: Renting out the banquet area for Christmas and New Years parties. Hosting events on the island during tourist season. o Adding a liquor license: Offering liquor to the beer and wine offering will boost sales and profitability. o Developing a Loyalty Program: Creating a rewards or membership program for regular customers.
Financing
Owner Terms:$100,000.00 Interest:7% Term Months:60 Monthly Payment:$1,980.12
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Relocating
Franchise
This business is an established franchise
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Raul
Quintero
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Phone Number
Raul Quintero
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