Small Texas Town Dominates Its Market (Seller Financing With 1/3 Down)

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Asking Price:
$975,000

Gross Revenue:
$1,032,322
Cash Flow:
$147,579
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$202,235
included in asking price

Real Estate:
$567,000
included in asking price

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Business Description

This is a first class restaurant and bar without any serious competition. Serving only premium cuts of choice and prime plus aged beef, customers also appreciate seafood, pasta, and chicken entrees. An assortment of burgers, sandwiches, and salads, as well as daily specials, round out the offerings. Besides enjoying these in the historic setting, the owners offer catering for all types of events. OWNERS ARE READY TO MAKE A DEAL WITH A SERIOUS BUYER WANTING TO OPERATE A FIRST CLASS RESTAURANT IN A SMALL LOCAL COMMUNITY WITHIN 90 MINUTE ACCESS TO 3 MAJOR TEXAS CITIES(Austin/Houston/San Antonio). The local high school carries a top state ranking (Exemplary), thus an owner with children can feel comfortable raising their kids in a smaller, more caring community.
CALL DAVID J. SWEETEN, BROKER, 210-697-8760 X 202 FOR MORE DETAILS OR VISIT OUR WEBSITE AT: www.brokersoftexas.com.

Great for special occasions, after dinner regular customers also enjoy a drink in the full service bar while listening to music or dancing to a DJ.

Located in a rural area midway between 3 major Texas cities and in a region that benefits from the oil and gas industry; the future appears to be very positive for this fine business with a stellar reputation.

About the Business

Year Established:
1970
Number of Employees:
9 ft/ 20 pt
Real Estate:
Owned
Building Sq. Ft.:
8,000
Facilities:
Unique facility approximately 8,000 square feet with modern up to date equipment and systems capable of camera monitoring every room and each room has it's own separate HVAC. Seats over 200 with separate, but attached and very large bar. Location in a historic area within 90 miles of three major Texas cities (Austin, Houston and San Antonio) and is in close proximity to many local towns. Historic area with high visitor traffic.
Market Outlook/
Competition:
Very little if any a 50 mile radius offering a similar menu and bar licensed to operate past midnight. Top reputation for food and service.
Growth & Expansion:
Additional marketing programs and offering breakfast as well as being open on Monday evening would provide the opportunity for increased revenues. Plus owners have reached the stage in life where it's time for some new blood and energy. There are many opportunities from accepting more catering to different business hours that can substantially enhance the bottom line.
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About the Sale

Reason For Selling:
After many years of ownership(45), owners are at retirement age.
Training/Support:
Sellers will work with new owner(s) for up to 45 days to assist in a successful transition and will retain their homestead in the community and will be available for management and chef purposes as needed..
Seller Financing:
PRE-QUALIFIED FOR SBA LOAN OF $840K OR SELLER FINANCING WITH $296K DOWN

Listing Info

ID:
761749
Ad Detail Views:
8270

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Business Listed by

David J Sweeten

Business Brokers of Texas, Inc.

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U.S. Census Data for Lavaca County, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Lavaca County, TX
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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