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Historic Steak House, Full Bar with Real Estate in Lavaca County
Texas Restaurant Advisors requires a non-disclosure agreement and buyer qualification profile before any confidential information is shared.
Historic eatery with real estate is now available for acquisition in Lavaca County. The restaurant serves choice to prime steaks, seafood, chicken, pastas, burgers, plate lunches daily and even Tex-Mex. There is a private dining room for large groups, a large fully stocked bar for live music acts and late night activities and games. Gross sales are over $1,300,000 with owners discretionary earnings of over $250,000.
SBA packages for deals with real estate can be as low 10% down and 25 year financing term for qualified buyers. Recast earnings and lender deal check are provided in the data room.
Ad#:2391307
Listed By: Aaron Evans
Background information
Reference:
TR1102
Year established:
1970
Reason selling:
Retirement
Finance
Sales:
$1,353,149
Profits:
$257,344
Operations
Employees:
30
Equipment:
$150,000Included in asking price
Premises
Facility:
The freestanding 7,271 square foot building (per appraisal) is fully furnished and has dedicated, ample parking. Seating capacity with the open air patio is over 250 guests. The building has all upgraded HVAC units and other equipment updates.
Location:
Travis County, TX
Opportunities
Growth:
A new owner operator has an opportunity to expand the catering, offer bar entertainment, open on Mondays, and serve breakfast.
Price and terms
Price:
$1,600,000
Training:
Seller will ensure a smooth transition with qualified buyers. There is a general manager and long tenured management teams in place.