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Irving Indian Full-Service Restaurant Or Conversion Opportunity For Sale

Irving, Texas
Asking Price:
$200,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,080,000 (USD)
Cash Flow:
$75,000 (USD)

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well-established, full-service absentee-owned South Indian restaurant offering delicious Indian dishes (vegetarian and non-vegetarian) in the Irving Los Colinas area.
The owner describes the business as being located near large businesses and in a densely populated Indian community. The loyal and dedicated customer base comes from two distinct groups: nearby businesses and local residences. The business is located along a high traffic major thoroughfare.
The seller finished out the new construction lease space and opened in 2016 with a total investment $450,000. Known for its consistent and quality food, the restaurant offers a lunch buffet and dinner menu service. The restaurant has many growth opportunities and is well-located in the densely populated and busy commercial area of Irving Los Colinas.
The asking price for the assets of the business $200,00 ALL CASH or $300,000 with $150,000 cash down plus $150,000 seller financing to a purchaser qualified and approved by the Seller. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include inventory at cost of $8,000 and Furniture, Fixtures and Equipment valued at $50,000.
We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information
KEYWORDS: restaurant, food, vegetarian Catering, biryani, biriyani Indian recipe, curry, south north cuisine spice spicy seasonings Asian Chinese Tandoori lamb goat mutton chili Tikka Masala Kofta Kabab Bhuna kashmiri Sell my Indian Restaurant For Sale

Property information

Real Estate:

Lease

Lease Terms:

The restaurant consists of ~5,000+/- SF offering inside seating for 151 + additional patio seating. The open concept bar/restaurant is on 1 floor. The floorplan consists of a main dining room, front bar, covered patio area, Men’s and Ladies 3-fixture restrooms, walk-in beer cooler, walk-in kitchen cooler/freezer combo, dry storage, office and prep kitchen. Facility is leased for $13,734/mo +NNN. The Seller believes that the landlord will offer a long-term lease plus renewal options to a qualified tenant.

Leasehold Rent:

13,734 +NNN per annum

Location:

Located near large businesses and in a densely populated Indian community

Business Operation

Expansion Potential:

This is a strong location with high volume and excellent potential. A new experienced food-service owner-operator can continue to grow the business and profits in several ways including 1) hand-on owner management to improve service, 2) marketing (none currently in place), 3) social media marketing including Facebook, Yelp, 4) email marketing, 5) expand catering, 6) reduce food & packaging cost, 7) expand current hours, 8) market lunch to large local business and corporate market

Competition / Market:

The food service industry is very competitive, and this Indian restaurant is no exception. The local market has a range from small local mom & pop’s to large international food chains including fast casual, quick service and full-service Indian restaurants. HOWEVER, the Owner feels that no area restaurant bar offers the food quality, atmosphere, growth opportunity, capacity and sheer enjoyment of this business.

Reasons for selling:

Absentee Owner

Employees:
5
Years established:
2016

Other Information

Support & training:

The seller wishes to ensure a seamless transition with a purchaser and will train a buyer for up to 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, in a consulting role, if desired by a purchaser, at mutually agreed compensation.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Price $200k CASH or $300k with $150k down & $150k Seller Financing

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$8,000 (USD) - included in the asking price
Related Documents:

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