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Two Profitable Restaurants with Real Estate in Washington County
This is a highly rated fine dining establishment serving juicy prime cuts of locally grown beef, globally inspired small plates and brunch on Sundays. The restaurant is smartly finished out with decor, custom tables, comfy chairs and bar stools and more. The kitchen equipment is fully operational and in good condition. A buyer will have the right to inspect the FF&E and property during due diligence. The property is two stories with 4,212 square feet of restaurant, kitchen and storage space along with an open air patio.
The real estate is offered as part of the deal and recent commercial appraisals supports the asking price of $1,200,000. In addition, the seller is willing to include the LLC the restaurant as part of a deal where a new operator can keep the licenses and permits in place.
Attention Brokers and Agents: We will co-brokerage on any deal or negotiate a referral fee.
Listed By: Aaron Evans
Background information
Reference:
TR1075
Year established:
2015 and 2021
Reason selling:
Other business interests
Operations
Employees:
25
Equipment:
Included in asking prices.
Inventory:
Included in the asking price. Alcohol will be handled according to TABC rules.
Furniture fixtures and equipment:
A full FFE list for both locations will be made available in the data room. All equipment is in good, working condition. A buyer will have the right to inspect during due diligence.
Premises
Square footage:
4212 and 4200 square feet
Rent and lease terms:
Owner Occupied
Location:
Washington County, TX
Opportunities
Growth:
This area of Texas is growing exponentially where people are relocating from other parts of the country, buying homes and property, increasing the local population growth. Located about an hour from Houston, this makes this area an ideal spot for those who work and commute.
Market:
This is a very cool, trendy, heavily visited market in Texas. The business is located in the central business district that has both heavy foot and vehicle traffic, especially on the weekends. There is not another restaurant that serves this style of 5 star cuisine nearby.
Price and terms
Financing:
100% at closing, 15%-20% down for an SBA or conventional loan.
Training:
The restaurants have 18 full time staff with the other 6 to 8 staff part time employees. Seller is willing to ensure a smooth transition.