The One and Only Place To Wine and Dine-24430

Burnet County, TX

Seller Financing Available
The One and Only Place To Wine and Dine-24430

Asking Price:$399,000

Cash Flow:$122,109

Gross Revenue:$697,300

EBITDA:N/A

FF&E:$80,000

Inventory:$9,000

Established:1997

The One and Only Place To Wine and Dine-24430

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Business Description

***SELLER FINANCING***This listing is a wonderful and unique Southern Country Cooking restaurant and established specialty food store that provides the Buyer with a tremendous opportunity to own and operate the number one restaurant in the area. This restaurant has an excellent reputation for quality and customer satisfaction, and it is central to many civic functions throughout the year. Building is a historic structure with preserved pressed metal ceilings and custom woodwork throughout. This spacious 6,000 sq ft facility will accommodate private parties, business functions and catering. The business currently sells specialty foods and gifts such as canned veggies, chocolates and salsas. Owner has recently obtained a beer and wine license that has positively impacted sales. Current owners hold live music events and other entertainment in the facility and new owner can increase this activity to increase sales. A well known location throughout the area and state, this business is mentioned in over 900 publications, and local radio and television personalities support and are regular customers of the restaurant. This business is perfect for a restaurant operator looking for a business to be family run. Restaurant has an efficiency apartment in the back of the restaurant, making management and relocation an especially easy process. Current owners recently spent $40k on interior renovations. Restaurant has unique one of a kind intrinsic value and little competition. The business was also featured on the hit TV show Texas Country Reporter in March 2017. Seller of the business indicates that the current landlord may be interested in selling the real estate to the Buyer of the business, so real estate may be available directly from the Owner of the real estate. Contact broker for more details and make an offer at 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Inventory:
Included in asking price
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
150,000.00 Down & $249,000 balance payable at 7% for 48 months
Support & Training:
Seller will train new owner.
Reason for Selling:
Other business interests
Business Website:
http://www.vestedbb.com

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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

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