Prime Steaks and Wine with Real Estate in nearby Washington County

Asking Price$2,150,000

Cash Flow
$193,350
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,128,633

Inventory$15,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$1,200,000
Included in asking price
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Prime Steaks and Wine with Real Estate in nearby Washington County


Asking Price$2,150,000

Cash Flow
$193,350
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,128,633

Inventory$15,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$1,200,000
Included in asking price
Business Description
Highly rated restaurant with real estate included are now available for purchase in Washington County, Texas.  Texas Restaurant Advisors and bigInk Commercial Real Estate require an NDA before any confidential information is shared.

This is a highly rated fine dining establishment serving juicy prime cuts of locally grown beef, globally inspired small plates and brunch on Sundays.  The restaurant is smartly finished out with decor, custom tables, comfy chairs and bar stools and more. The kitchen equipment is fully operational and in good condition. A buyer will have the right to inspect the FF&E and property during due diligence. The property is two stories with 4,212 square feet of restaurant, kitchen and storage space along with an open air patio.

The real estate is offered as part of the deal and recent commercial appraisals supports the asking price of $1,200,000. In addition, the seller is willing to include the LLC the restaurant as part of a deal where a new operator can keep the licenses and permits in place.
About the Business
Years in Operation
10
Number of Employees
18
Facilities & Assets
The restaurant is smartly finished out with decor, custom tables, comfy chairs and bar stools and more. The kitchen equipment is fully operational and in good condition. A buyer will have the right to inspect the FF&E and property during due diligence.

The property is two stories with 4,212 square feet of restaurant, kitchen and storage space along with an open air patio.
Market Outlook / Competition
This is a very cool, trendy, heavily visited market in Texas. The business is located in the central business district that has both heavy foot and vehicle traffic, especially on the weekends. There is not another restaurant that serves this style of 5 star cuisine nearby.
Opportunities for Growth
This area of Texas is growing exponentially where people are relocating from other parts of the country, buying homes and property, increasing the local population growth. Located about an hour from Houston, this makes this area an ideal spot for those who work and commute.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
4,212
About the Sale
Seller Motivation
Other business interests
Transition Support
The restaurant is fully staffed with 10 full time staff with the other 6 to 8 staff part time employees. Seller is willing to ensure a smooth transition.
Financing Options
100% at closing, 20% down for an SBA or conventional loan.
Listing Info
ID
2213279
Listing Views
2045

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Business Listed by: Aaron Evans Texas Restaurant Advisors

Listing ID: 2213279 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.