Absentee Owner Brunch Restaurant for Sale 001443
Price: $260,000
Location: Collin County, Texas
Industry: Restaurants & Food/American Restaurants
Listing ID: 001443
Restaurant for sale! Established in 2015 and under new ownership since February 2024, this popular breakfast and lunch restaurant offers a distinctive fusion of American and Mexican flavors. Known for its mouth-watering menu, the restaurant features a variety of breakfast favorites, including Eggs Benedict, waffles, pancakes, signature omelets, and Tex-Mex-inspired breakfast tacos, burritos, and egg platters. The lunch menu showcases classic American comfort foods such as Chicken Fried Steak, Grilled Pork Chop, Chopped Sirloin, Fried Catfish, Cheeseburgers, Turkey Sandwiches, fresh Wraps, Salads, and more.
Operating from a spacious 4,872 sq. ft. facility near a bustling intersection, the restaurant benefits from high visibility and easy access. The surrounding neighborhood is predominantly residential, with a strong base of regular customers drawn from nearby single-family homes and a local high school. The restaurant holds a unique competitive edge, with minimal direct competition in the area and only a few indirect competitors. By offering top-tier customer service, high-quality dishes, and value-driven pricing (averaging $20 per ticket), the business has experienced steady growth, aside from a temporary dip in 2020 due to the pandemic.
Despite its success, the restaurant has yet to tap into its full potential. Currently, it relies on a solid online presence through third-party delivery apps and websites, but it does not engage in active marketing or advertising. There are several opportunities for growth, including extending hours, introducing a beer and wine menu, and implementing slight price adjustments. The owner is an absentee owner and is mostly hands-off, involved about 10 hours a week, primarily handling payroll, reviewing sales data, viewing marketing performance, and setting objectives with staff. With plans to relocate, the owner is seeking to sell the business. This is an ideal opportunity for a buyer with industry experience to step in and elevate the restaurant to new heights.
Down Payment: $150,000
Total Sales: $762,410
Cash Flow: $133,807
Inventory: $5,000 (Included in listed price)
FFE: $40,000 (Included in listed price)
Owner Financing: Yes
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Relocating
Training & Support:
The owner can provide up to 4 weeks of training (or longer) to allow a smooth transition into the business.
Year Established: 2015
Employees: 5FT/8PT
Absentee Owner: Yes
Square Footage: 4,872 SF
Facilities Information:
This Collin County restaurant is situated in a 4,872 sq. ft. facility near a bustling intersection, making it convenient to reach and easily noticeable. The vicinity is densely surrounded by individual houses and a nearby high school, ensuring a constant flow of traffic to the immediate area. All equipment is in good condition!
Competition:
Competition is to be expected in this industry. Very few direct competitors in the immediate area focus on breakfast and lunch, along with some indirect competitors. This restaurant sets itself apart through superior service, competitive pricing, and quality food.
Potential Growth:
Although this restaurant is consistently growing, extending business hours to include dinner, adding beer and wine to the menu, and slightly increasing prices can lead to tremendous growth for this business.
For a more active owner-operator, a significant portion of labor expense can be reduced.
Financing/Terms:
100% down at the time of closing or $150,000 down for Seller Financing. The Seller is open to negotiating terms of the Seller Financing.
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