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Hill Country Smokehouse with Real Estate
Long standing scratch kitchen, smokehouse with real estate is now available in the heart of the Hill Country in McCulloch County. This restaurant offers slow smoked meats, chicken fried steak, half pound all Angus burgers, hand battered onion rings, crispy salads, fresh sides and homemade pies, just like grandma used to make. The restaurant is fully staffed with a GM, 5 full time and 10 part time employees. The interior is newly renovated for expanded seating and they offer take and catering options. This is a turnkey/package deal which includes the name, recipes, assets, real estate and saleable inventory.
There are a few local competitors but this business has the history, the volume and the reviews that others don't have. As a long-standing business, its customer base is comprised primarily of locals, most of whom have been devoted customers since its founding but also around 50% in new business. As a result, the business has established itself as cultural landmark in the communities in which it operates.
The location is situated in high-traffic area with good visibility. Furthermore, the business is strategically positioned across major highways, which increases brand exposure
Financing Notes: 100% Cash at Closing or 15%-20% down with SBA Financing. A lender has reviewed the package and has verbally approved the $1.5 million asking price.
Note: Texas Restaurant Advisors and bigInk Commercial Real Estate require a complete NDA and buyer disclosure form before confidential information will be released.
Ad#:2264955
Listed By: Aaron Evans
Background information
Reference:
TR1085
Year established:
1970
Reason selling:
Owner is absentee and has other business interests
Finance
Sales:
$1,526,413.94
Profits:
$403,042.57
Operations
Employees:
15
Equipment:
N/A
Inventory:
Included in asking price
Furniture fixtures and equipment:
A complete list will be provided in the data room. The restaurant is complete with smokers, walk in fridge, deep fryers, convection oven, tables, chairs and decorations all in good, working condition.
Premises
Facility:
A complete list will be provided in the data room. The restaurant is complete with smokers, walk in fridge, deep fryers, convection oven, tables, chairs and decorations all in good, working condition. The location is situated in high-traffic area with good visibility. Furthermore, the business is strategically positioned across major highways, which increases brand exposure
Square footage:
2898
Rent and lease terms:
Owner Occupied
Location:
McCulloch County
Opportunities
Growth:
There is an opportunity to increase catering revenue through enhanced marketing and advertising strategies for weddings and corporate events. The customer base is primarily local and tourists who frequent the trade area and that market could be increased with live music events in the evenings, refreshed daily specials and limited time offerings
Price and terms
Price:
$1,500,000
Financing:
100% Cash at Closing or 15%-20% down with SBA Financing.
Training:
Solid management team in place including a GM that will stay on with a new ownership group. Seller to ensure a smooth transition.