Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, 2 unique restaurant concepts located in Granbury, Texas and sharing a kitchen. Concept 1 is featuring an open 2-storey seating area. Concept 2 is an upscale dining and martini lounge offering new menus every 8 weeks in an intimate dining experience. Both restaurants have built a growing and loyal following. The restaurants are located in a bright, cheery courtyard building setting a vibrant mixed retail and business development serving Granbury and the local communities. The prime location benefits from weekend tourism and is a travel destination for locals. 1) The casual grill and bar attracts and appeals to a wide variety of customers offering fresh grilled foods. It boasts the largest bottled and draft beer selection in Granbury. 2) The upscale dining and martini lounge attracts and appeals to upscale diners seeking a unique culinary experience with Granbury s only martini lounge. This is a strong location with excellent potential. The asking price for the assets of the business is $150,000 including inventory at cost of $10,000, all FFE (Furniture, Fixtures & Equipment) valued at $100,000. $50,000 down, balance commercial bank financing and up to $30,000 seller- financing to a qualified purchaser or $100K ALL-CASH. All financing is to be personally guaranteed by the purchaser. The Purchaser will need to assume 1) dishwasher lease (approximately $166 per month) and 2) Icemaker lease $250 per month.
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 approximately 3,000 Square Feet space fronts onto a busy road. This high visibility space is leased for base monthly rent of $3,500. The landlord is willing to provide a long-term lease. The Purchaser will need to assume 1) dishwasher lease (approximately $166 per month) and 2) Icemaker lease $250 per month. The restaurants are located in a bright, cheery courtyard building setting within a vibrant mixed retail and business development serving Granbury and the local communities. The prime location benefits from weekend tourism and is a travel destination for locals.
Market Competition and Expansion:
This is a strong location with excellent potential. The business is growing 25% plus over prior year. A new owner can continue to grow the business in several ways: Continued hands-on ownership Improve street signage Implement a basic advertising and marketing program Print and distribute menus to businesses, B&B s & residences Direct mail surrounding neighborhoods using mail list
Reason for Selling:
Family
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.