Our firm offers, for your ownership consideration, an established, profitable co-branded, multi-unit, multi-concept full-service restaurant-bars in Amarillo, Texas. The business opened in 2005 and has developed a loyal, dedicated following. The restaurants are known for outstanding food, exceptional service and an atmosphere where people go to be treated like guests. Located in high-traffic areas, the scalable concept restaurants have strong catering and food & beverage sales. The differentiated, niche franchisable concepts are well-established but with opportunities to improve efficiency, increase sales and lower costs. The business has excellent books and records. Strong, experienced management is in place.

The asking price for the assets of the business is $2,850,000 with $750,000 down and $2,100,000 SBA 7a bank financing (10 years, 6%, payments approximately $23,730/month). The seller will consider financing up to $430,000 to a qualified purchaser approved by the seller. The assets include inventory at cost of $154,000, accounts receivables of $40,000 and FFEV (Furniture, Fixtures, Equipment & Vehicles) valued at $145,000. Purchaser will need to assume operating equipment leases such as Ice Machines and dishwashers.

Posted Apr 6, 2016

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