Owner Financing is Available
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a casual steakhouse located on busy Highway 377 between Granbury and Stephenville, Texas. The location is spotless and has a tremendous reputation for high quality food and friendly service. 90% of the guests drive at least 15 miles to experience the restaurant s offerings! The restaurant s slogan is: Big City Taste! Bluff Dale Charm! And they deliver on that promise, as evidenced by the numerous positive comments every night from their Guests. Fresh grilled asparagus with scampi butter and roasted almonds, jalapeno glazed grilled double chicken breasts, the only 20 oz. hand cut choice Rib Eye in the county, Dr. Pepper glazed Norwegian Salmon with roasted pecans, and the house dessert specialty, cinnamon pecan bread pudding with Jack Daniel s Bourbon glaze are just some of the reasons their Guests drive the distance just to experience these great flavors! Price $120k: $50k down & balance Seller-financing to a qualified Purchaser or $95k ALL-CASH. The assets include inventory at cost of $3,600 and FFE (Furniture, Fixtures and Equipment) valued at $50,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The 1,100 Square Feet free-standing building sits on approximately 1 acre on Highway 377 between Granbury and Stephenville near Bluff Dale. Seller advises that traffic count is 12,000 vehicles per day. The facility seats approximately 72 inside with an optional (unused) covered patio seating 25-35. The 3 yr lease rate is $1,500 per month and expires December 31, 2012 with one 5-year renewal option at $1,800 per month. The security deposit is $0. Purchaser is responsible for any real estate lease application or transfer fees.
Market Competition and Expansion:
The only breakfast or lunch competition in the area are convenience stores. One other restaurant serves lunch Tuesday through Saturday and dinner Friday and Saturday evening.
Reason for Selling:
Owner has improved the business and plans to retur
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.