Restaurant/Bar in Booming City [Price Reduced]

Listed Price: $368,641
San Antonio, TX

Listing Details

Gross Income: $1,474,564
Cash Flow:  $32,014
FF&E: $262,000
Inventory: $10,000
Lease Rate/Sq. Ft.: $15.45/yr
Established: 2001
Employees: 40

Business Description

PRICED AT 25% OF 2016 SALES. OWNER HEALTH IS THE ISSUE.
Well-established full service restaurant and bar in NW San Antonio with great name recognition located close to a major interstate highway and surrounded by high income housing in this booming growth area. With major road construction just completed owner estimates that sales will be increasing. 

Owner estimates it would take $600,000 to duplicate the FF & E.

Detailed Information

FF&E:  Included in asking price
Inventory:  Included in asking price
Real Estate: Leased
Lease Expiration: 11/30/2023
Facilities: Over 9,000 sq. ft. of rustic elegant indoor space; includes 2 private rooms that seat over 100 each; 2 kitchens; overall seating for over 400; outdoor patios beautifully landscaped with low maintenance plants; children's play ground; Parking is easy and plentiful with dark sky security lighting.
Competition: Little within 2-3 miles
Growth & Expansion: Catering; Breakfast; Delivery within a 5 mile radius to a high end, fast growing housing market in NW San Antonio. Magical opportunity for a skilled chef in better physical health than current owner.
Financing: Available for qualified buyer.
Support & Training: Yes.
Reason for Selling:  Health.

Contact

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