Popular Growing Lunchtime Cafe/Market Opportunity

Not Disclosed, TX
Collin County

Asking Price: Annual Revenue:
$720,000 $974,983

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Growing Lunchtime Cafe/Market Opportunity Broker: Ken Pokorny

Quick Facts

Asking Price: $720,000
Annual Revenue: $974,983
Net Profit: Not Disclosed
Cash Flow: $259,329
Total Debt: Not Disclosed
FF&E: $169,400
Real Estate: Not Disclosed
Year Established: 2004
Employees: 9
BBN Listing #: 58364955
Broker Reference #: 6004-15396

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Business Overview:

Murphy Business Sales is pleased to present to suitors who are in the “Restaurant” space. This family owned restaurant has a loyal, dedicated customer base with a solid reputation including being voted “Best Neighborhood Restaurant” in D Magazine the last four years. They provide unique and high quality items offering a home style Café setting and a Market for shopping customers looking for unique and favorable menu items to take home.

It offers three solid revenue streams including:

A sit-down cafe specializing in hot & cold sandwiches, oven roasted chicken & fish, fresh homemade soups and side salads.

A country market shop with old fashioned casseroles, meatloaf, smoked brisket, schnitzel, sausages & bakery items (both fresh and frozen options).

A catering department that offers a wide variety of ethnic cuisines from Mexican to BBQ to Steak & potato. Included in their menu items are world famous cheese dips: pimento, pecan cheddar, smoked Jack, spicy artichoke, crunchy spinach and many more unique offerings.

Breakdown of products/service by Sales Volume:

Sit Down Café: 50%

Prepared Meals Market: 30%

Outside Catering: 20%

Business has over 10 employees including 6 Full Time and 4 Part time. There is an experienced Kitchen Manager that is a key employee in operations with over 8 years of experience in this role. They have had a low employee turnover with a solid, experienced staff.

The business is run by a husband and wife. The husband manages the financials and scheduling. The wife monitors the day to day operations, sales and purchasing.

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Property Features and Assets:

The Restaurant/Market shop sets on a strip mall property with a 4,300 square feet. It takes up 3 strip mall store fronts. The property is situated in an extremely fast growing location in Collin County Texas. Monthly Rent is $6,600. The current lease expires in Nov 20, 2020. Options to renew 3 year increments. They have a good relationship with the property manager/landlord. Assets-$184,400

Market Competition and Expansion:

The restaurant provides excellent customer service, and performs well in a competitive market. Expand Hours Open for Dinner (Could expect 30% Rev increase) Open for Sunday Brunch (Could expect 3-5 K per day) Open for Breakfast (Could expect 20% Rev increase) Increase Marketing and Advertising Expand Catering

Reason for Selling:

Owner is retiring.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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