SOLD !! Frisco-Plano Indian Full Service Catering Restaurant for Sale
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 high growth North Plano/Frisco corridor. The local community is experiencing rapid expansion with the addition of corporations such as Toyota North America (~2,000,000 SF), Liberty Mutual (~1,000,000 SF & ~4,000 ee’s) FedEx Office, Jamba Juice…). The owner describes the business as being located near high volume anchors and in a densely populated Indian community. The restaurant is well-rated on Social Media with BYOB, a la carte and buffet options, in a modern contemporary setting. To go, delivery and catering provide a well-rounded offering with much more room to grow. 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 with easy access.
The seller finished out the new construction lease space and opened July 2017 with a total investment $400,000. The restaurant quickly developed a loyal and dedicated following; the owner estimates that 75% of the client base is repeat. Banquets and catering generate ~15% of monthly sales. 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 high-growth North Plano – Frisco corridor.
The owner feels that a major advantage over competitors is the seniority and experience of their employees. The owner states that the kitchen team are professional, well-experienced and are a major asset to the company. The customers are happy with the service and food. The Seller expects that all employees are willing to stay if desired by a new owner. The owner feels that he can be replaced by an experienced restaurant operator. The owner states that the landlord will offer a long-term lease plus renewal options to a qualified tenant.
Sales have been ~$40,000 to 80,000 per month. The restaurant is currently operating at a small profit.
SOLD !! We can sell YOUR Bar or Restaurant, too !
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES.
We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information and consider registering your criteria as a purchaser.
For information, reference Frisco-Plano Indian Full Service Catering Restaurant for Sale 19891 and contact Jeff Adam, PE, MCBC, FRC, CBB at Megabite Restaurant Brokers, LLC
Phone: (972) 725-7200
www.megabite-rb.com
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