Restaurant For Sale Amarillo Restaurants
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, an established, profitable co-branded, multi-unit, multi-concept full-service restaurants 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.
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.
This is a strong location with excellent potential. A new owner can continue to grow the business and increase profit in several ways:
- Large Street sign and banners would attract customers,
- Distribute flyers to local homes, apartments and businesses,
- Increase delivery area to 5 miles from current 3.5 miles,
- Internet marketing via website, emails, Yelp, … ,
- Continued hands-on owner-operation,
- Improve restaurant appearance
Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
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