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Real Estate Included-Unique Multi-Purpose Site in a Historic Downtown
Texas Restaurant Advisors and bigInk Commercial Real Estate require a confidentiality agreement to be signed before any business information will be shared.
This is a unique, multi-purpose property which includes a restaurant/bar, coffee shop, event venue along with a 5 room bed and breakfast which are highly rated. The owners bought the property in 2018 with a vision and have invested over $200,000 in developing a fine dining restaurant/bar on the first floor, along with retail sites and an event venue. Customers of the restaurant are mainly local clientele but being right off a major highway, they get travelers as well. These people book the rooms directly through the company website or through Airbnb and then enjoy a great meal and mixed drinks.
The sellers may entertain selling the business LLC to a potential buyer in order to keep the permits and licenses in place. The sellers will not offer any seller financing.
With real estate included, it may qualify for a SBA 7(a) loan with 15% to 20% down payment for qualified purchasers.
Listed By: Aaron Evans
Background information
Reference:
TR1063
Year established:
2018
Reason selling:
Personal, family reasons.
Finance
Sales:
$1,172,800
Profits:
$152,000
Operations
Employees:
22
Equipment:
Included in asking price $190,000
Premises
Facility:
Two story multi use property including a courtyard, two retail units and an inn on the second floor. First floor has a full service restaurant and bar.
Location:
Jack County, TX
Opportunities
Growth:
A new owner could promote catering, connect with wedding planners, engage on 3rd party delivery platforms with limited menu options, promote daily drink specials and more.
Price and terms
Price:
$1,650,000
Training:
Sellers will ensure a smooth transition to a new ownership group. There is a front of house manager and kitchen manager that will stay on with a new owner.