Iconic Restaurant Open for 61 Years!

Fredericksburg, TX (Gillespie County)

Dining
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Asking Price: $2,250,000

Cash Flow: $135,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,900,000

Established: 1959

Iconic Restaurant Open for 61 Years!

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Business Description

Restaurant Realty Group™ has been exclusively retained to offer For Sale the longest continuously operating restaurant in Fredericksburg, Texas!  Offered for sale only once in the last sixty years, this iconic restaurant is now on the market. The current owners, after 30 years of profitable operations, are ready to retire and pass on the business to the next owner.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
6,473
Employees:
26
Facilities:
6,473 SF restaurant with large private dining area and kitchen.
Competition:
The Fredericksburg market is hot and growing.
Growth & Expansion:
Growth can be achieved by offering dinner and a bar. The catering side of the business could be grown. Currently there is zero marketing.
Support & Training:
The owner is willing to provide 30 days of traiing to ensure a smooth transition to the new owner.
Reason for Selling:
Retiring after 30 years at Andy's
Business Website:
http://www.restaurantrealtytx.com
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(from currently available funds)
 
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Van Rinn

Business Listed By:
Van Rinn

Restaurant Realty Group

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