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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Food and Beverage Businesses For Sale Categories   >>   

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Elegant Prime Steak House

Location  Texas,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1000000
Net Profit / Cash Flow  $200000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1993
Number of Employees  20 - 34
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Seller will provide training to new owner for a smooth transition.
Reason for Sale  Retirement.
Description  Established since 1993 prime steakhouse located in the hub of fast growing city's historic downtown is now available for acquisition. This gorgeous steakhouse is occupied in a two-story historic stand-alone building which features elegant full bar, piano lounge, and private dining rooms that can accommodate small to large groups. The restaurant serves prime steaks, seafood, and extensive international wines. The restaurant has received many awards over the years as ''Best Steakhouse'' from various magazine and newspapers. The most recent annual revenues of the steakhouse are reaching around $1 million a year which is a great achievement considering the restaurant opens dinners only from Monday thru Sunday. Opening lunches is a great upside opportunity for new owner to instantly boost current revenues. Real estate included in the sale is appraised at $1.5 million. This is a great opportunity to acquire a rime steakhouse with real estate located in the hub of historic downtown of rapidly growing city. Asking: $1,600,000 Furniture, Fixtures & Equipment: $70,000 (Included in listed price) Inventory: $25,000 (Included in listed price) Real Estate: $1,500,000 (Included in listed price) Financing: Third party financing with 20% cash down Facilities: Occupied in a 6,461 SF of a two story stand alone building located in the hub of downtown of a rapidly growing city in N. Dallas. The building features a gorgeous full bar with private dining rooms to accommodate small to large groups. Fully equipped kitchen is immaculate maintained. Competition: No direct competition found within 3-4 miles. Growth And Expansion: Currently, no pro-active marketing is being done which is required to grow the business. Since the restaurant only opens in dinner, opening lunch could instantly add more revenues to the restaurant. Primary Phone: 972-247-3202 or 866-519-2421
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