Galveston Tx Millers Seawall Grill For Sale

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Asking Price:

Gross Revenue:
Cash Flow:
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Real Estate:
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Business Description

You cannot find a better location than this! Turnkey restaurant in a highly visible location on Galveston's Seawall. Direct views of the Gulf of Mexico. Owner wants to retire and is selling everything, including prime real estate. Steady business over the past four decades. Sales have been on the incline the past few years and reached over $3.4 million in 2018. Positive cash flow and profits. Considered one of Galveston's "institutions". Established, solid reputation, and loyal staff. There are not many opportunities for real estate like this on the Seawall unless you are looking for raw, undeveloped parcels.

About the Business

Galveston, Texas
Year Established:
Number of Employees:
Real Estate:
Building Sq. Ft.:
Building is located on a 7,361sf parcel with ample parking, both on-site and street parking. Owner is selling everything including real estate. No leases or debt obligations to assume. Over 3,500sf of restaurant. Approximately 6,000sf lot with parking is also included with the purchase. All FF&E included in the sale. Beer and wine license included.
Market Outlook/
There are not many restaurants/bars on the Seawall that can brag about this high, unobstructed view.
Growth & Expansion:
In addition, there is seating upstairs for approximately 50 patrons that has never been utilized. This space can be used for extra/overflow seating, cocktail bar, and/or private functions. The Gulf views from this vantage point are amazing. This is a great opportunity to maximize/add revenue to the successful concept currently in place. Business currently does not offer catering, could be another source of revenue.
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About the Sale

Reason For Selling:
Owner Retiring
Can be negotiated. Solid management in place to make this a true, turn-key purchase.

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Business Listed by

VJ Tramonte

Joe Tramonte Realty
License# 356657

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