37587-Interstate Restaurant with Real Property Included

TX

Seller Financing Available
37587-Interstate Restaurant with Real Property Included
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Asking Price: $1,978,000

Cash Flow: $250,000

Gross Revenue: $1,916,000

EBITDA: N/A

FF&E: $195,000

Inventory: $32,000

Established: 2004

37587-Interstate Restaurant with Real Property Included

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Business Description

Turn-key and all-inclusive! Located off of an interstate in Northeast Texas, this full-service restaurant specializes in serving specialty seafood platters, catfish, shrimp, chicken and steak. Valued around $1,500,000 and included in the asking price, the 14,000-square foot facility sits on approximately 20 acres and can seat over 600 guests in two dining areas. The facility also features scenic views, a commercial grade kitchen and a retail space. With a longstanding, reliable manager and approximately 40 experienced employees, the company has a proven track record supported by 15 years of ongoing business and hundreds of positive online reviews. With its broad range of products, the marketing efforts focus on targeting travelers and individuals throughout the county. With profit margins margins above industry average, revenues have been steadily increasing over the past five years due to a strong local reputation and increase in consumer discretionary spending. In 2018, revenues were around $1,916,000 with nearly $250,000 seller’s discretionary earnings. With an a great interstate presence, large customer base and a solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

Inventory:
Included in asking price
Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owner's available for a standard transitioning period up to one year.
Reason for Selling:
Approaching retirement
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(from currently available funds)
 
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IAG Buyer Division

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IAG

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