Interstate Restaurant w/ Property
Listed Price: $825,000
Gross Revenue: $1,820,366
Cash Flow: $60,941
FFE: $101,084 (Included in Price)
Real Estate: $1,070,000 (Included in Price)
Inventory: $20,000 (Included in Price)
Reason for Sale:
Owners is retiring after 25 years in the business.
Training & Support:
Owner will help with the transition.
PRICE REDUCTION TO 77% OF 2013 APPRAISED REAL ESTATE VALUE located on major Interstate Highway between San Antonio and Laredo, Texas. The well-staffed family restaurant is a top gathering place for locals and oil field contractors, their employees and especially HUNTERS. 2 Gas Pumps and small Convenience Store round out the business opportunities. Ideal for a family desiring to own and operate their own restaurant/retail business, or for partners with varied interests and experience. Business portion of total price has been reduced to zero, though gross sales exceeded $1.8m in 2015 with the majority from restaurant sales.
Normal for the area.
Kitchen has the additional capacity to add BBQ. Could add liquor license to the existing beer and wine license. Also, a large party room (625 sq.ft. +-) could be marketed for individual & community events. Re-opening on Sundays should result in substantial sales increases, as would applying new ideas and energy of the next owner.
Type of Location: Stand alone
APPRAISED AT $1,070,000, 10-3-2013 by Texas Certified General Appriaser..Approximately 1.4 acres with 6,400 Square Foot building located on major Texas Interstate Highway. Major truck/trailer parking in back on .6 acres included. Easy on and off access from the Interstate. Plenty of room to add a Drive-Thru window.
Year Established: 1977
Absentee Owner: Yes
Broker Name: David Sweeten
Broker Email: firstname.lastname@example.org
Broker Phone: (210) 697-8760 x202