Asking Price: $2,850,000 Gross Revenue: $3,500,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
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.
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.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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