Unique Restaurant & Entertainment Venue In Southeast Texas

TX

Seller Financing Available
Unique Restaurant & Entertainment Venue In Southeast Texas
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Asking Price: $850,000

Cash Flow: $250,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $175,000

Inventory: $20,000

Real Estate: $375,000

Established: 1986

Unique Restaurant & Entertainment Venue In Southeast Texas

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Business Description

Very Profitable and Unique Restaurant

VERY WELL KNOWN RESTAURANT/ENTERTAINMENT VENUE
This unique Southeast Texas restaurant spans more than three decades and is ranked number one in its market area. In addition to enjoying great fresh food from an impressive buffet or menu service, customers can relax in the very casual indoor or outdoor seating and, on select nights, listen to live music. The best part of the entire experience is that it can all be done in a “family like” atmosphere that has proven year after year to satisfy customers, young and old. Many patrons say that an outing to this very well-known venue is more of an experience to be enjoyed than just a visit to another “boring” restaurant. The Company, after years in business, is still growing its year over year revenue. Management credits the food offered, location, long-term existence of the business, well trained, tenured staff and the fun atmosphere offered as some of the reasons for its consistent success throughout the Company’s history.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility is very well maintained and visually appealing to customers. It offers ample seating capacity, includes a spacious up to date kitchen area that is complete with well maintained equipment. There is plenty of well lighted parking for both customers and staff. Both the business, along with all its tangible and intangible assets, and its real estate are being offered for sale.
Competition:
• Unique, fun and inviting restaurant concept that spans more than three decades. • Approximately 10,000 Sq Ft Facility. • Seating Capacity: 310 • Great Ratings on Yelp, TripAdvisor and Facebook. • Health Score: Inspected by county health department and received a score of 100 for past five years. • Well-equipped kitchen and prep areas. • High visibility location on a busy roadway. • Tenured, well experienced staff. • Recently updated public area offering both indoor and outdoor seating along with a large banquet room for private parties and events. • Total number of employees, full and part time: five in kitchen including two team leaders, eleven servers/helpers.
Growth & Expansion:
Excellent opportunities for growth.
Financing:
Very likely to buyer with good credit rating
Support & Training:
Yes, there will be excellent support and transition assistance provided by seller.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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William M. (Bill) Pruitt

Business Listed By:
Bill Pruitt

Affiliated Partners Group, Inc.

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