Top Central Texas Restaurant Recognized for High Quality / High Value

TX

Seller Financing Available
Top Central Texas Restaurant Recognized for High Quality / High Value
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Asking Price: $375,000

Cash Flow: $160,457

Gross Revenue: $730,432

EBITDA: N/A

FF&E: $100,000

Inventory: $5,000

Rent: $0.00

Established: 2007

Top Central Texas Restaurant Recognized for High Quality / High Value

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Business Description

The spectacular Texas Hill Country attracts over 5 million visitors annually. The restaurant has built tremendous goodwill and a stellar reputation as a high quality / high value dining location, from a strong base of loyal local regulars that enjoy dining out in a service centric and relaxed atmosphere. The venue is strategically located to attract scores of customers from across the country visiting the region and many become repeat customers.

This full-service restaurant is highly rated and noted by customers for attentive customer service, food quality, portion size / value and atmosphere. The restaurant accommodates parties of all sizes up to 150 for special events.

The success and growth of the business has primarily been organic, built by word of mouth referrals and strong social media reviews and ratings. Growth opportunities for the new caretaker of the business is to execute a strategic marketing plan to increase brand awareness and attract new customers in a region noteworthy for being one of the fastest growing in the USA.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,369
Lease Expiration:
6/30/2024
Employees:
15 FT/PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location, location, location. The restaurant has been in its original and current location in a high traffic area that is rooted in it's success. The landlord has conveyed an interest in providing a new 5 year+ lease, with favorable terms to the new owner, beginning at just $1/ sq ft, plus .50 triple net expenses monthly.
Competition:
A prime market advantage is being optimally located in one of the fastest growing regions in the USA. Weaker competitors have and will continue to fail. Restaurants are in a highly competitive sector and this one has consistently won over new and returning customers, indicated by the restaurants consistent and steady growth. High service standards, strong offering values and menu innovation are key to continued growth and outpacing the competition.
Growth & Expansion:
Growth and expansion will continue to be generated by executing on a strong marketing budget and plan, building on brand awareness and taking an innovative approach to the menu offering. Catering and a new liquor license present two stellar revenue stream opportunities.
Financing:
Contact Broker to Discuss Seller Financing
Support & Training:
The ideal buyer will have previous restaurant experience. The current owner is interested in a short transition period, but will provide a 30 day complimentary transition period and additional transition as needed.
Reason for Selling:
The seller is committing significant time to family.
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Contact the Seller

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Mark Eiland

Business Listed By:
Mark Eiland

TMV Business Group / A Riverbend Company

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Sponsoring Broker:
Carl J. Mehlman

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