Owner Financing is Available!
Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a casual full service Mexican restaurant and bar fronting busy road in Grapevine Texas. The interior features a crisp, clean decor that reflects the interior of Mexico. Menu items are prepared fresh every day and include selections from enchiladas to quesadillas to margaritas. The restaurant has a reputation of outstanding, friendly service delivering quality foods and large portions. The owner had been working 10-15 hrs/wk at the new location, but, as business has picked up, he is working 25-30 hrs during busier weeks. Owner reports that he is doing about $50,000 per month sales with a cash flow of ~3,000-4,000 per month after paying his manager. The seller feels that an owner- operator will make $5,500-6,500/month. Seller reports that food/beverage is 80%/20% with cash/credit cards split 25%/75%. Price $80,000 prefer cash, possible seller-financing to qualified buyer
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 5,500 Square Feet high visibility space is located in a strip center leased for $5,500 through fall 2011. Space consists of a reception cash register, 2 separate dining areas, a U bar surrounded by table seating, main kitchen, prep area, dishwasher line, 2 separate restrooms, walk-in refrigeration and free standing freezer, and dry goods, liquor storage area. The facility seats 105 inside and 20 outside patio. The facility is well-designed, functional and meticulously maintained.
Market Competition and Expansion:
This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1 Add the personal touch, 2 Promote Lunch , 3 Keep the Bar open later, 4 Promote live music Friday & Saturday, 5 romote catering, 6 direct mail surrounding neighborhoods using mail list, 7 local advertising and marketing, 8 Direct market to churches and boating community
Reason for Selling:
Personal - explained in Business Profile
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.