Description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, an established, growing full-service restaurant serving rural Texas comfort food, craft beers and house infused cocktails. The bar features 40 drafts beers and craft whiskeys. The menu is inspired by local eateries located along Texas’ rural roads. All food items are prepared in-house from scratch emphasizing local and seasonal ingredients. The business is located in a standalone building with easy access to Hwy 161 (George Bush Turnpike) and Highway 114 (John Carpenter Freeway). The owner invested $350,000 in the conversion and built a modern, clean, open seating area, large inviting bar and covered patio. This business will benefit from seasoned hands-on owner operation and building, developing & modifying brand identity. Many growth opportunities exist including improving service with owner's touch and catering to estimated 90,000+ local employees or estimated 2,700,000 annual visitors! The restaurant is well-rated on Facebook, Google, Yelp, etc. The asking price for the assets of the business is $300,000 ALL-CASH or $450,000 with $150,000 down and $300,000 seller-financed to a qualified purchaser (5 years, 8%, monthly payments $6,083/month). The assets include inventory at cost of $15,000 and FFE (Furniture, Fixtures and Equipment) valued at $50,000.

Financial Summary

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