Popular, Established Galveston Restaurant For Sale

Galveston, TX (Galveston County)

Popular, Established Galveston Restaurant For Sale
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Asking Price: $1,475,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1998

Popular, Established Galveston Restaurant For Sale

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Business Description

One of Galveston's great institutions! Turnkey restaurant in a highly visible location on Galveston's Broadway Street. Heavy traffic. Strong, steady sales. Owner is selling everything including prime real estate. Positive cash flow and profits. Established, solid reputation, and loyal staff. There are not many opportunities for a restaurant like this on Broadway that are turnkey-ready!

Detailed Information

Location:
Galveston, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
15-20
Facilities:
Building is located on a 21,840sf parcel with ample parking. Owner is selling everything including real estate. No leases or debt obligations to assume. Over 3,500+sf of restaurant. Approximately 18,000sf lot with parking is also included with the purchase. All FF&E included in the sale.
Competition:
Prime location on Broadway - great exposure. Plenty of parking - 36 spaces. Cuisine is one of a kind. Established clientele and great reputation. Yelp and Trip Advisor: 4+ Stars Turnkey operation.
Growth & Expansion:
Alcohol sales could be added to increase revenue. Hours could be expanded. Plenty of room for expansion of building if needed.
Reason for Selling:
Retirement
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VJ Tramonte

Business Listed By:
VJ Tramonte

Joe Tramonte Realty

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