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Two Profitable Restaurants with Real Estate in Washington County
Two highly rated restaurants with real estate included are now available for purchase in Washington County, Texas. A buyer can purchase them individually or as a package deal.
The first location 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.
Offering Price: $2,150,000
The second location is a town favorite is known for artisan pizzas fired in a custom brick oven, hot pressed paninis, fresh never frozen burgers on homemade buns, fresh cut fries and a variety of crisp salads. There is a full bar serving rotating handles of draft beers, premium cocktails, wines and also limited time offer drink specials for special events and occasions. The bar area is for trivia and games, watching sporting events on over 10 TV's or patrons can go outside and enjoy the open air patio.
Offering Price: $1,350,000
The properties are being offered as part of the deal and recent commercial real estate appraisals support the asking prices. The seller is also willing to include the LLC that operates both restaurants so a new operator can keep the licenses and permits in place.
Note: Texas Restaurant Advisors and bigink Commercial Real Estate will require a completed buyer disclosure (proof of funds) and a signed NDA before any confidential information will be released.
Attention Brokers and Agents: We will co-brokerage on any deal or negotiate a referral fee.
Ad#:2213279
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.