Popular, Established Galveston Restaurant For Sale

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Asking Price:
$1,475,000

Gross Revenue:
$1,000,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

One of Galveston's great institutions! Turnkey restaurant in a highly visible location on Galveston's Broadway Street. Heavy traffic. Strong, steady sales. Owner is selling everything including prime real estate. Positive cash flow and profits. Established, solid reputation, and loyal staff. There are not many opportunities for a restaurant like this on Broadway that are turnkey-ready!

About the Business

Location:
Galveston, Texas
Year Established:
1998
Number of Employees:
15-20
Real Estate:
Owned
Building Sq. Ft.:
3,500
Facilities:
Building is located on a 21,840sf parcel with ample parking. Owner is selling everything including real estate. No leases or debt obligations to assume. Over 3,500+sf of restaurant. Approximately 18,000sf lot with parking is also included with the purchase. All FF&E included in the sale.
Market Outlook/
Competition:
Prime location on Broadway - great exposure.
Plenty of parking - 36 spaces.
Cuisine is one of a kind.
Established clientele and great reputation.
Yelp and Trip Advisor: 4+ Stars
Turnkey operation.
Growth & Expansion:
Alcohol sales could be added to increase revenue.
Hours could be expanded.
Plenty of room for expansion of building if needed.
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About the Sale

Reason For Selling:
Retirement

Listing Info

ID:
1531419
Ad Detail Views:
189

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Business Listed by

VJ Tramonte

Joe Tramonte Realty
License# 356657

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