Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
Broker Contact Form
Name

Email

Phone

Comment


Premiere Steakhouse & Whiskey Bar
(Restaurants)
Denton, Texas
Listed Price: $ 410,000
Listing ID: 001006

Listing DetailsDown Payment: $ 125,000
Gross Revenue: $ 811,034
Cash Flow: $ 248,074
FFE: $ 100,000 (Included in Price)
Inventory: $ 15,000
Reason for Sale:

Other opportunities


Training & Support:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Well-established full-service steakhouse in a casual atmosphere featuring a bar with the largest whiskey collection in Denton County is available for acquisition. This business was established by the previous owner in 2008 and was acquired by the current owner in 2014. The business is occupied in a 3,528 SF space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. Middle to upper-class individuals and families are the majority of the customer base as this business is located in affluent neighborhoods. Few competitors are within the immediate market area, but this restaurant provides superior quality prime steak and the largest whiskey collection in Denton County. Net sales average of this steakhouse is around $700K to 800K per year that has been consistent over the last several years. Currently, some marketing is in place through the website, social media outlet, newspapers, and magazine, but more pro-active marketing methods need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. This well-established steakhouse is ready for a potential buyer to actively involve in the business operation while marketing to grow the business to maximum income capacity.


Competition:

Few competitors are within the immediate market area, but this restaurant provides superior quality food as well as exceptional customer service and offers the largest whiskey collection in Denton County.


Potential Growth:

Some marketing is in place, but other proactive marketing methods need to be utilized to generate more revenue.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3528
Facilities:

The business is occupied in a 3,528 SF space of a retail strip center located in a prime location surrounded by retail areas and affluent residential neighborhoods. The majority of the kitchen equipment is less than 2 years old.


OperationYear Established: 2008
Employees: 3FT/7PT
Absentee Owner: No