Two Restaurants side-by-side excellent location

Odessa, TX (Ector County)

Smaller location of the two, 31 years established
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Asking Price: $800,000

Cash Flow: N/A

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $800,000

Established: 1990

Two Restaurants side-by-side excellent location

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Business Description

Incredible visibility to passing traffic.

These properties are in the heart of the booming oil industry in a prime traffic area surrounded by high volume restaurants; McDonalds, Wendy's, Arby's, Subway, Taco Villa, Church's Chicken, Chick fila, sonic and lots more. Two lots, combined, are up for sale. The first is a long-established Barbecue business with unbeatable smoked brisket and is available to view on Google maps at 3820 Andrews Hwy. Secondly, at 3816 Andrews Hwy, is currently under a triple-net lease for $5,xxx.00 per month, due for increase at any time according to the agreement (rental income is not included in the "gross revenue" below). The tenants are outstanding and have never been late. Ask for details about the name of the restaurant. They have been exceptionally successful and a favorite in the community. located at the highest traffic count in the city. Over 74,000 vehicles pass near this location daily. Exact traffic count is attached. Location is Andrews Hwy. and 42nd. The Barn is an exceptionally efficient operation. An order window on one side and a pickup window on the other. Three employees per shift.

One more thing: If you try the smoked brisket at the Bar-B-Q Barn, you will taste some of the best brisket in the U.S. The brand is NOT part of the sale but can be discussed.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
3,120
Employees:
20
Facilities:
Two established restaurants side-by side. Both high volume and very successful. 3120 is the combined square footage.
Competition:
Definitely prime locations. Both properties utilize drive-thru windows and inside seating.
Growth & Expansion:
I intended to tear down these structures for a combined large lot. My plan was to build a large structure for use as restaurant. But, I decided to lease the one beginning 10 years ago.
Support & Training:
Available for discussion as required
Reason for Selling:
Pursuing other endeavors
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Business Location


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Business Listed By:
Darrin Glisson

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