SOLD: An outstanding absentee owned cafe located in an upper scale business & residential district. This restaurant is a popular lunch meeting spot for local businesses. Sensational, fresh Mediterranean food with popular Seattle's Best Coffee items drive a strong repeat customer base. Busy outdoor activities in the park plaza across the street drives heavy walk-in traffic. Recent sales of $47,000 per month exceed last year's Gross Sales by 35%. The buyer must have at least two years of restaurant management experience and a business plan.
| Listing No: MBFS-600805649 | |
| | |
| Category | : | Restaurants | SIC | : | 5812 | |
| Detail | : | Cafe Type Eatery | Price | : | 225,000 | |
| County | : | Dallas | Down | : | 225,000 | |
| State/Prov | : | Texas | Adj Net | : | 60,819 | |
| Country | : | USA | Sales | : | 419,124 | |
| Reason for Sale | : | Owner is relocating over seas |
| General Location | : | Addison |
| Organization Type | : | Limited Corporation Hours Owner Works: 10 |
| | : | Years Established: 7 Years Owned: 7 Emp FT: 7 Emp PT: 0 Mgrs: 2 |
| Non Compete | : | Miles: 5 Years: 2 Weeks Training: 2 Cost: 0 |
| Operating dys/hrs | : | Mon-Fri 7:00am-9:00pm, Sat & Sun 7:00am-9:00pm |
| Skills/Licenses | : | General Management & Operations |
| Business is | : | Relocatable: N Home Based: N Franchise: N Lender P/Q: N |
A Dozen Due Diligence issues with Restaurants for Sale in Texas
In addition to financial matters, a buyer interested in a restaurant for sale in Texas should consider discussing many of the following issues with the restaurant owner or their business broker:
Is this business opportunity Full Service or Quick service?
There are currently about an equal number of each.
How is the menu maintained?
As discretionary spending changes, consumer spending at restaurants change, they will tend to eat out as much; however, they may spend more or less.
How is the staff recruited and maintained?
Rising competition from food and convenience stores are a problem for restaurants.
How can the restaurant reduce labor costs?
This may be the largest cost variable under management’s control.
What would attract more affluent customers?
This is the most desirable sector of the local market to attract
Can the Internet benefit the restaurant?
Internet services available to restaurants include their items for sale, online reservations, ordering take-out, and directions to the restaurant location.
What seasonality might be expected for sales?
Many restaurants’ revenues are driven by regional sales cycles.
Is alcohol served?
A Texas Alcoholic Beverage Commission permit will be required
How are workers hired and trained?
Critical in this labor-intensive industry, labor issues include safety training as well as any problems with undocumented workers.
What is the advertising budget?
Seeing 4% to 6% of restaurant sales is quite normal
Are there any customer loyalty programs?
Earned discounts, civic group meeting areas, and specialty cooking classes all help to build a loyal customer following.
What is the health inspection record?
Texas counties will issue regular inspection reports. A clean inspection history is a sign of a well-managed restaurant.
Resources for Texas Restaurants for sale
National Restaurant Association
Texas Restaurant Association
How to Conduct Market Research (SBA)
Frequent Questions about Texas Sales Tax
Confidentiality Policy
As business brokers, we protect the identities of the businesses, the business owners and prospective buyers until we receive completed, signed Confidentiality Agreements and personal or corporate financial statements providing proof of the buyer’s financial competence to meet the down payment. We understand that the sale and purchase of businesses must be held in the strictest confidence to give the involved principals the opportunity to advise employees, customers and others of the transfer when they feel the time is appropriate
For additional information contact Bob Fariss
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