Restaurant--Wings & Catfish, Non-Franchise/Rockwall, TX--$99K For Sale

Business description

Restaurant–Wings and Catfish, Non-Franchise, located about 10 minutes east of Dallas, Texas. This highly profitable restaurant serves wings, catfish, and delicious home made sides. The restaurant is approximately 1,800 square feet, with 43 seats available and several televisions for restaurant and bar patrons to enjoy a beer and wings while watching their favorite sporting events. The restaurant also has a loyal clientele and has an outstanding reputation for serving the best wings in town. The restaurant is located off major highway and is in a city that is experiencing explosive growth.

In 2006 sales were approximately $206,000 with a net income of $70,000. Majority (70%) of the sales are take-out orders, which keeps labor costs low and overhead costs in general for this restaurant are very minimal. The asking price for the business is only $99,000, including the FF&E of $35,000 and inventory of $3,500. This business is priced well below market and will sell fast!

Property information

Real Estate:

Lease

Lease terms:

Rent is only $2,200/month.

Location:

1,800 square feet, 43 seats, fully furnished, awesome kitchen.

Other information

Expansion potential:

This is an outstanding opportunity for a hands-on owner to increase net income by bringing food cost and payroll numbers down and interacting with repeat customers. A new owner can focus additional efforts advertising to delivery as well. Additional sales increases could be realized by way of focusing efforts and advertising on delivery. Also, by obtaining a liquor license, the new owner could capture additional beer sales.

Competition / Market:

Normal competition.

Support & training:

Seller will train as needed.

Reasons for selling:

Changing careers.

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$3,500 (included in the asking price)