This operation has only been open since November of 2007, but still managed to exceed $2 million in gross sales in 2008! Even with the inefficiencies of getting the bugs worked out of the system, the challenge of getting people to come in the doors and the added cost of expanding the facility by 50%, this location still turned a profit last year. Now that all the kinks are worked out, this business is poised to become a staple of the community, and a cash cow for the new owner. Labor has stabilized at about 19% of revenue, food costs at 14% and beverage costs at 12%, plus the lease is locked in for another 8 years. Anyone looking to start their own restaurant/bar, or to acquire an operation with huge growth on the horizon, needs to examine this opportunity. At $2 million in revenue, this establishment should easily cash flow around $300,000 for the owner – and now that most of the growing pains are out the way, those are the kinds of figures that can be expected in the near future.
For further information, please complete our Non-disclosure Agreement at www.vrbigd.com/nda. Jeremy Furtick can be contacted by email at jeremy@vrbigd.com or by phone at 972-792-0100.
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