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Globally Inspired Menu, Craft Cocktails with Real Estate.
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This restaurant offers a world class menu, fine wines, craft cocktails and much more in a quaint setting in North Texas. There are multiple dining rooms, a private entertaining space, fully stocked bar, climate controlled wine cellar and outdoor patio space.
The real estate is two structures with a combined 9,542 square feet under roof including a two-story multi-tenant building and a free-standing building that houses the restaurant. There are 8 income producing suites that gross $7,200 a month currently (there are 3 vacancies at the moment). Restaurant gross sales are over $1,400,000 with sellers’ discretionary earnings north of $260,000.
SBA terms are favorable for packages that include real estate, can be as low as 10% down and 25 years. This also could be an opportunity for a conventional loan with favorable rates and cash payment for the business.
Listed By: Aaron Evans
This restaurant offers a world class menu, fine wines, craft cocktails and much more in a quaint setting in North Texas. There are multiple dining rooms, a private entertaining space, fully stocked bar, climate controlled wine cellar and outdoor patio space.
The real estate is two structures with a combined 9,542 square feet under roof including a two-story multi-tenant building and a free-standing building that houses the restaurant. There are 8 income producing suites that gross $7,200 a month currently (there are 3 vacancies at the moment). Restaurant gross sales are over $1,400,000 with sellers’ discretionary earnings north of $260,000.
SBA terms are favorable for packages that include real estate, can be as low as 10% down and 25 years. This also could be an opportunity for a conventional loan with favorable rates and cash payment for the business.
Ad#:2391311
Listed By: Aaron Evans
Background information
Reference:
TR1103
Year established:
1993
Reason selling:
Retirement
Finance
Sales:
$1,417,307
Profits:
$263,716
Operations
Employees:
21
Premises
Facility:
The real estate is two structures on primary site of 19,320 square feet. As mentioned, there is 9,542 under roof with 8 suites that are used for office and retail space. In addition, there is a 21,000 square foot lot next to the primary site that can also be purchased for an additional fee
Location:
Roanoke, TX
Opportunities
Growth:
A new owner operator could further expand into catering and much more.
Price and terms
Price:
$4,625,000
Training:
Sellers will ensure a smooth transition. There are 21 employees which include a tenured General Manager and assistant manager that will stay with a new owner/operator of the restaurant.