RESTAURANT / BAR

SMALL TEXAS TOWN DOMINATES ITS MARKET — SELLER FINANCED (WITH ONE THIRD DOWN)
Listed Price: $898,000

Listing Details

Gross Revenue: $1,032,322
Cash Flow: $172,000
FFE: $202,235 (Included in Price)
Real Estate: $567,000 (Included in Price)
Inventory: $10,000 (Included in Price)

Reason for Sale:
Owners are ready to retire after thirty plus years of ownership.

Training & Support:
Sellers will work with a new buyer for up to 45 days to assist in a successful transition.

Business Description

This is a first class restaurant and bar without any serious competition. Serving only premium cuts of choice and prime plus aged beef, customers also appreciate seafood, pasta, and chicken entrees. An assortment of burgers, sandwiches, and salads, as well as daily specials, round out the offerings. Besides enjoying these in the historic setting, the owners offer catering for all types of events. OWNERS ARE READY TO MAKE A DEAL WITH A SERIOUS BUYER WANTING TO OPERATE A FIRST CLASS RESTAURANT IN A SMALL LOCAL COMMUNITY WITHIN 90 MINUTE ACCESS TO 3 MAJOR TEXAS CITIES(Austin/Houston/San Antonio). The local high school carries a top state ranking (Exemplary), thus an owner with children can feel comfortable raising their kids in a smaller, more caring community.

Great for special occasions, after dinner regular customers also enjoy a drink in the full service bar while listening to music or dancing to a DJ. 

Located in a rural area midway between 3 major Texas cities and in a region that benefits from the oil and gas industry; the future appears to be very positive for this fine business with a stellar reputation.

Competition:
None in a 50 miles radius offering a similar menu and bar licensed to operate past midnight.

Potential Growth:
Additional marketing programs and offering breakfast as well as being open on Monday evening would provide the opportunity for increased revenues.

Financing/Terms:
Pre-qualified for SBA loan of $840k or owner financing at $296k buyer down payment

Location

Type of Location: Stand Alone
Facilities:
Historical building with over 7,000 sf with modern and up to date equipment and systems. Seats over 200. Within 90 miles of two major Texas cities and in close proximity of many local towns.

Operation

Year Established: 1985
Employees: 9 Full Time & 20 Part Time
Absentee Owner: No 

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