Owner Financing is Available!
Business Overview:
Mega Bite Restaurant Brokers, LLC offers, for your ownership consideration, a casual full service Mexican restaurant and bar fronting busy street in Stephenville, Texas. The interior features an open, spacious decor that reflects old Mexico. Menu items are prepared fresh daily and the restaurant features a daily buffet. The restaurant has many opportunities for improvement by a hands-on, savvy operator. The current owner is semi-absentee, working 10 hours or less per week. The asking price for the assets of the business is $170,000 with $42,500 down and owner will finance $127,500 at 8% for five yrs. including inventory at cost of $7,500 and FF&E (Furniture, Fixtures and Equipment) valued at $35,000.
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 facility seats 160 including 60 in Bar area. The approx 6500 SF free-standing building is located within walking distance to Tarleton. The lease is $4,500/mo with a 5 year option. The space consists of a reception area with cash register, 2 separate dining areas, separate Buffet area and bar with table seating.
Market Competition and Expansion:
A new owner can continue to grow the business and profits in several ways: 1) Add the personal touch, 2) Lunch needs to be promoted, 3) Keep the Bar open longer, 4) Promote catering to local businesses, sports organizations and schools, 5) Direct mail surrounding neighborhoods using mail list, 6) Local advertising and marketing, 7) Direct market to churches and business community
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.