Descriptions

Executive Summary

Listing #: ACG 5812-004
Family Seafood Restaurant

Approximate Annual Sales:   $1,000,000
       Owners' Annual Cash Flow:   $   165K
Accounts Receivable:             $     N/A
      Inventory Value:                    $    10 K

(All in $000's)	12/31 2003*	12/31 2004*	12/31 2005*	12/31 2006*	12/31 2007**
Revenues	*$1,006*	*$964*	*$972*	*$1,003*	*$927*
Gross Margin	*$ 620*	*$601*	*$623*	*$610*	*$599*
Net Income	$5	*$28*	*$85*	*$87*	*$68*
Recast Earnings ***	*$138*	*$107*	*$132*	*$145*	*$165*

*Taken from annual financial statements prepared by CPA
**Taken from interim financial statements produced by CPA
***Recast Earnings include any owner salary and perks, interest & depreciation, any "non-essential" and any non recurring expense items

Equipment: Furniture & fixtures, kitchen equipment

Real Estate: Leased

General Area or Location: DFW Mid Cities area

Description: Very strong neighborhood restaurant in same location since 1991. Solid customer base, nice strip center location. Competes with Red Lobster and Pappadaux's Seafood. Very attractive interior, fixtures all updated and in good shape. Great kitchen! Meeting/party room, patio area. Full bar, liquor, wine and beer.

Reason for Selling: Owner is pursuing other interests.

Asking Price: $375,000

AlamoCorporate Group, Inc.
2846 SE Loop 820 * Ft. Worth, TX 76140
voice: 817-615-8393 * fax:817-615-8455
Contact: Tim Walker
Email: twalker@alamocorporategroup.com

If you would like more information about this listing, download a copy of the Buyer Application and Confidentiality Agreement. Complete the forms and either fax or mail them to us. Both forms require Adobe's Acrobat Reader.

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