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Listing ID: 2982798

Fast Growing, Profitable Frisco Texas Restaurant! For Sale

Collin, Texas, United States

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: $ 1,791,138

Cash Flow: $ 332,249

Business Description

This locally owned restaurant is located in an historic downtown area in Collin County Texas. The location is central to a rapidly expanding population and infrastructure. The owners have carefully and tastefully built a successful business by developing an outstanding wine assortment, a delightful matching food menu and a relaxing, rustic indoor/outdoor atmosphere complemented by outstanding live music. Their live music has been rated #1 in the local area. Their business was recognized in 2017 as the business of the year in their community. They are open six days a week for lunch and dinner. The success of this restaurant is founded on their attention to detail, commitment to customer service and the consistent approach to being the best every day. This restaurant is approaching $2 million in revenue and will continue to grow with new owners if they follow the same blueprint established by the current owners.

Property Details

Years Established:

6

Property Type:

Lease

FF&E:

$ 51,550

Other Details

Premise Details:

The business is located in a leased building of 1,400 square feet and a total of 3,000 square including the outside space. New buyers can negotiate a new lease with the landlord.

Competition:

High competition in this growing area in Collin County. Over 50 new restaurant establishments have opened since 2016. The balance to that is the rapidly expanding population growth and infrastructure which is bringing more families and employees to the area. The key is understanding your targeted customer and keeping your restaurant focused on their enjoyment. The current owners have done an outstanding job of this.

Expansion Potential:

Expansion of lunch business, parking facilities in the back of lot will allow for easier customer access and more community marketing.

Operation Details

Employees:

6 FT / 24 PT

Trading Hours:

Monday-Saturday 11am-10pm

Support & Training:

Will train for 2 weeks @ $0 cost. Full service restaurant with a well trained staff and mangers. Vendors for all food and alcohol products are established and consistent. Liquor license and occupancy permit are up to date.

Miscellaneous

Reason For Selling:

The owners have diversified business interests that require their time and resources beyond what they require to run this restaurant.

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