Fine Dining in East Texas

Colmesneil, TX (Tyler County)

Seller Financing Available
Fine Dining in East Texas

Asking Price:$675,000

Cash Flow:N/A

Gross Revenue:$288,000

EBITDA:N/A

FF&E:$100,000

Inventory:$1,000

Real Estate:$250,000

Established:2007

Fine Dining in East Texas

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Business Description

This beautiful restaurant has fine dining and down home cooking. Experienced New York chef would love to turn this business over to people who love serving people. The facility must be experienced to appreciate the love given to the food and clients.

There is more to this business than the numbers indicate.Real estate is included.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
2,600
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building is two stories with living quarters on second floor - 2,600 sq. ft. on 2+/- acres. Restaurant will seat 125 in main dining area and another 45 in a private dining room.
Competition:
Finest quality food between Houston and Tyler. 3.5 Stars on Trip Advisor. Lower rating because of over crowding on busy Sunday.
Growth & Expansion:
The facility has living quarters on second floor which could be converted to banquet space for larger meetings.
Financing:
Available to well qualified buyers as secondary loan from bank.
Support & Training:
Seller is New York experienced Chef. He moved to Texas to please his wife. She has passed on and the 71 year old owner would love to train new owners on how to run a first class restaurant.
Reason for Selling:
Owner is 71 and ready to retire.

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Clarence Griggs

Business Listed By:
Clarence Griggs

Griggs Business Brokers

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Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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