Upscale Roadhouse Restaurant & Bar In E. Texas

Hawkins, TX (Wood County)

Upscale Roadhouse Restaurant & Bar In E. Texas
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Asking Price: Get Financing: $849,000

Cash Flow: $93,247

Gross Revenue: $877,531

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $550,000

Established: 2016

Upscale Roadhouse Restaurant & Bar In E. Texas

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Business Description

Restaurant / Bar in East Texas

BUSINESS & REAL ESTATE INVESTMENT OPPORTUNITY - We are pleased to represent an upscale, artisan designed Roadhouse Restaurant & Bar in a community outside of Tyler Tx. This building was designed & built by the ownership with amazing attention to detail. The ambiance of the restaurant is "rustic chic" and stays true to its East Texas roots. There is a stage within the restaurant & bar area for live entertainment which is scheduled every weekend.
The Restaurant & Bar while situated in a small community, does draw from the nearby lake developments and from the more populated nearby cities and towns. In its first full year, the business totaled over $800,000 in revenue. This business is being positioned with the land & building and the only reason why the ownership is selling is the restaurant & bar hours is a conflict with the time required for their other businesses as well as becoming first time parents to a newborn. This is a business and real estate play that must be seen to have an appreciation for the investment opportunity. To learn more about this opportunity, either submit the submission of interest through this site or email Jeff Goldblatt at jeffg@vrdallas.com

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
4,500
Employees:
16
Facilities:
Beautifully appointed & decorated Restaurant & Bar by the ownership who have a background in custom built homes & businesses. There is a large patio that opens to the front of the restaurant and the garage doors can be raised so that there is a seamless flow to all areas. There is also a stage area that is used for live music entertainment and other events as well as a loft area for private parties or for preferred seating for concerts. Words cannot due the Restaurant & Bar justice, it needs to be seen.
Competition:
There is no immediate competition as it is located in a smaller community but draws well from the surrounding area due to its uniqueness
Growth & Expansion:
Additional marketing could bring additional revenue
Support & Training:
2 weeks training and 30 days of reasonable phone support
Reason for Selling:
Needs to concentrate on other business holdings and their young family
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(from currently available funds)
 
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Jeff Goldblatt

Business Listed By:
Jeff Goldblatt

VR Business Brokers

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Sponsoring Broker:
Larry Lane


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