Globally Inspired Menu, Craft Cocktails with Real Estate.
Business Description
Restaurant real estate with income producing 8 office/retail spaces
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This restaurant offers a world class menu, fine wines, craft cocktails and much more in a quaint setting in North Texas. There are multiple dining rooms, a private entertaining space, fully stocked bar, climate controlled wine cellar and outdoor patio space.
The real estate is two structures with a combined 9,542 square feet under roof including a two-story multi-tenant building and a free-standing building that houses the restaurant. There are 8 income producing suites that gross $7,200 a month currently (there are 3 vacancies at the moment). Restaurant gross sales are over $1,400,000 with sellers’ discretionary earnings north of $260,000.
SBA terms are favorable for packages that include real estate, can be as low as 10% down and 25 years. This also could be an opportunity for a conventional loan with favorable rates and cash payment for the business.
This restaurant offers a world class menu, fine wines, craft cocktails and much more in a quaint setting in North Texas. There are multiple dining rooms, a private entertaining space, fully stocked bar, climate controlled wine cellar and outdoor patio space.
The real estate is two structures with a combined 9,542 square feet under roof including a two-story multi-tenant building and a free-standing building that houses the restaurant. There are 8 income producing suites that gross $7,200 a month currently (there are 3 vacancies at the moment). Restaurant gross sales are over $1,400,000 with sellers’ discretionary earnings north of $260,000.
SBA terms are favorable for packages that include real estate, can be as low as 10% down and 25 years. This also could be an opportunity for a conventional loan with favorable rates and cash payment for the business.
About the Business
- Years in Operation
- 32
- Employees
- 21
- Facilities & Assets
- The real estate is two structures on primary site of 19,320 square feet. As mentioned, there is 9,542 under roof with 8 suites that are used for office and retail space. In addition, there is a 21,000 square foot lot next to the primary site that can also be purchased for an additional fee
- Market Outlook / Competition
- The restaurant is located in an unassuming house with a long storied history in an old downtown district. The location is centrally located between highly popular and densely populated trade areas.
- Opportunities for Growth
- A new owner operator could further expand into catering and much more.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 9,542
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Sellers will ensure a smooth transition. There are 21 employees which include a tenured General Manager and assistant manager that will stay with a new owner/operator of the restaurant.
Listing Info
- ID
- 2391311
- Listing Views
- 353
Listing ID: 2391311 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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