Destination Restaurant

Gillespie County, TX

Destination Restaurant

Asking Price:$424,000

Cash Flow:$117,809

Gross Revenue:$911,639




Real Estate:$704,800*


*not included in asking price.

Destination Restaurant

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Business Description

This is a world famous Hill Country destination restaurant that draws crowds from all over and has been featured in numerous TV shows and magazines. Popular tourist location in the vicinity of Fredericksburg on 10 acres with beautiful views. This is a growing business doing over $900,000 in sales. A great name and branding and unique menu. Opportunities abound to expand via franchising or adding locations, or further developing the land and property by adding cabins and AirBNB rental income. You won't want to miss this one. It's priced right at $424,000 for the business, and the building plus 10 acres of Real Estate can be purchased for an additional $704,800 if desired for a solid, long-term investment. Build your dream home on site, and make a great living while having a lot of fun.

Detailed Information

Included in asking price
Real Estate:
Not included in asking price
Building SF:
5 FT 8 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
It has a nice-sized parking area that is easily accessible. It is comprised of three buildings (1960/848/64 square feet). Also – the restaurant sits on 10.125 total acres – only 2 are developed with the restaurant and parking lot. The other 8+ have amazing views and development potential. Lodging is sparse for the many tourists and motorcyclists that visit the Hill Country. As an alternative to hotels, Bed & Breakfast accommodations are very popular in Fredericksburg and the Texas Hill Country.
The Company has no direct competitors in the area – there’s simply no other businesses nearby. Main Street in Fredericksburg (fourteen miles north) is a popular tourist spot, and boasts a couple of independent burger joints in addition to the standard fast food franchises. The strip also hosts a lot of bars and restaurants of all types. There are at least nine restaurants with 4- and 5- star internet ratings along Main Street:
Growth & Expansion:
1) Open 6 or 7 days per week instead of 5; opening even one more day per week should immediately push gross sales north of $1M 2) Consider adding a 2nd location- follow the model and add another out-of-the-way TX destination location 3) Franchise – allow others to start their own branded restaurant and make money from the sale and royalties 4) Increase online presence and marketing to drive new customers and awareness 5) Develop the property as vacation rental cottages
Support & Training:
The owner is willing to provide a reasonable amount of initial training and consulting in order to ensure a smooth transition to the new owner and his employees. He is even willing to remain as a consultant as needed after the transition period, and will sign a non-compete clause as part of this transaction.
Reason for Selling:

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Clint Fiore

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Clint Fiore

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