Country:

USA

State or Province:

TX","TX

City:

Athens

Location Zip or Postal Code:

75751

Service Type:

Sit-Down Table Service, Counter Service/Fast Casual, Catering

Title of Listing:

Real Estate Included - Profitable Seafood Restaurant w/ Highway Frontage

Year Established:

1982

Number of Locations:

1

Number of Seats:

51-150

Size:

2,806, Square Feet

Patio:

No

Number of Employees:

Less than 10

Hours of Operation:

Thursday-Saturday 11-8; Sunday 11-3

Growth or Expansion Opportunities:

Open 7 days a week instead of 3.5; Add Bar; Add Drive Thru; Add to Menu (one of few restaurants in area)

Reason for Selling:

Owner's Health

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Asking Price:

$699,999.00

Gross Revenue Range:

Under $500,000

EBITDA Range:

$100,000-$300,000

SDE Range:

$100,000-$300,000

FF&E Value (Furniture Fixtures and Equipment):

45,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$25,000

Inventory Value included in price?:

Yes

Real Estate Owned or Leased:

Real Estate Owned

Real Estate Value Included?:

Yes

Financial Comments (include any Financing information that may be useful):

Current income of $202,150 is based on restaurant being open 1/2 of every week. Opening full time would logically increase revenue to $400,000+