Interstate Restaurant w/ Property

Pearsall, Texas
Listed Price: $825,000

Listing Details

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.

Business Description

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.

Competition:
Normal for the area.

Potential Growth:
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

Facilities:
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.

Operation

Year Established: 1977
Employees: 40
Managers: 4
Absentee Owner: Yes

Broker Name: David Sweeten
Broker Email: david@brokersoftexas.com
Broker Phone: (210) 697-8760 x202