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Fine Dining with Real Estate Included in South Texas
Highly rated restaurant with real estate is now available for purchase in South Texas. Serving globally inspired small plates, juicy prime cuts of locally grown beef and even brunch on Sundays, this spot is popular with the locals and tourists that spend time in this very popular town. In addition, the property is being offered as part of the deal where a recent commercial appraisal supports the real estate asking price. The seller is willing to include the LLC that operates the restaurant as part of a deal where a new operator can keep the licenses and permits in place.
Ad#:2213279
Listed By: Aaron Evans
Background information
Reference:
TR1075
Year established:
2015
Reason selling:
Other business interests
Finance
Sales:
$1,100,000
Profits:
$250,000
Operations
Employees:
18
Equipment:
Included in asking price $150,000
Premises
Facility:
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.
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.
Price and terms
Price:
$2,150,000
Financing:
100% at closing, 20% down for an SBA or conventional loan.
Training:
The restaurant is fully staffed with 10 full time staff with the other 6 to 8 staff part time employees. Seller is willing to ensure a smooth transition.