High Cash Flow Restaurant

Corpus Christi, TX
Nueces County

Padre Island


Asking Price: Annual Revenue:
$950,000 $510,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: High Cash Flow Restaurant Broker: David Mckim

Quick Facts

Asking Price: $950,000
Annual Revenue: $510,000
Net Profit: Not Disclosed
Cash Flow: $310,000
Total Debt: Not Disclosed
FF&E: $240,000
Real Estate: $1,300,000
Year Established: 2011
Employees: 4
BBN Listing #: 559163743
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Step into a unique opportunity that has established a loyal base of customers with an eclectic menu that gives you the flexibility to introduce new dishes. This restaurant has two dining areas, a full bar and an outside patio that allows you the freedom to create different environments to cater to the varied demographics of the area.

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Property Features and Assets:

The owner recently upgraded a lot of the equipment and everything is well maintained. All equipment is owned. A list of equipment is available on request. The owner decided to keep reduced hours since government regulations on COVID in 2019 so the restaurant is only open for dinner hours, five days a week. There is tremendous opportunity in opening the restaurant for lunch or even breakfast since that is underserved in the area. There are many more opportunities for growth and the new owners can choose the ones that fit them best. Maybe have the games on at the bar, offer a wider selection of fine wines, provide catering for businesses and events, host private parties.

Market Competition and Expansion:

Most areas are oversaturated with restaurants but the number one issue ranked by residents of the area is a lack of dining, shopping, and entertainment choices.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is 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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