Upscale Steakhouse & Bar w/Ocean Views (RE incl.)

Asking Price$699,000

Cash Flow
$159,325
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$949,672

Inventory$13,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$399,000
Included in asking price
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Upscale Steakhouse & Bar w/Ocean Views (RE incl.)


Asking Price$699,000

Cash Flow
$159,325
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$949,672

Inventory$13,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$399,000
Included in asking price

Seller Financing Available
Business Description
TRANSWORLD BUSINESS ADVISORS OF SOUTH & WEST TEXAS - LISTING REF # 76931-458735

Own your own slice of heaven with this seaside restaurant that caters to higher end clientele along the Texas coast!

This well-established restaurant, bar, catering operation, and pie shop is on a growth trajectory, and can be taken to the next level with new ownership who is familiar with the industry and understands the value of owning the real estate at which you operate.

With views of the coastline, excellent food and drink options, and a prime location, patrons come from all over to dine at what is consistently voted one of the best restaurants in town.

There are many opportunities for growth, including expanding its catering operation, franchising, or tucking it in to your current portfolio of restaurants. The opportunities are almost endless--reach out for an NDA to learn more!

Founded in 2010, this restaurant & bar has a 2nd generation owner who has grown sales, refined the premises, and built a robust catering operation over the past few years.

The building itself was first constructed in the early 1900s, and is located in a prime location within the city. In short, the building and the restaurant are well-known icons in this community.

Potential Growth
-Expand existing catering operation
-Open for breakfast/ Sundays
-Host more events

Competitive Overview
This establishment is one of the nicest restaurants in the area and attracts patrons from a wide set of geography.

A large employer is in the process of building a flagship facility nearby, which will bring growth to the town and also to the business during the lunch hour.
About the Business
Years in Operation
15
Employees
23
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
retirement
Transition Support
2 weeks
Listing Info
ID
2387244
Listing Views
174

Contact Seller

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Business Listed by: Chip Miller Transworld Business Advisors

Listing ID: 2387244 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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