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37587-Interstate Restaurant With Real Property Included For Sale

Texas
Asking Price:
$1,978,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,916,000 (USD)
Cash Flow:
$250,000 (USD)

Turn-key and all-inclusive! Located off of an interstate in Northeast Texas, this full-service restaurant specializes in serving specialty seafood platters, catfish, shrimp, chicken and steak. Valued around $1,500,000 and included in the asking price, the 14,000-square foot facility sits on approximately 20 acres and can seat over 600 guests in two dining areas. The facility also features scenic views, a commercial grade kitchen and a retail space. With a longstanding, reliable manager and approximately 40 experienced employees, the company has a proven track record supported by 15 years of ongoing business and hundreds of positive online reviews. With its broad range of products, the marketing efforts focus on targeting travelers and individuals throughout the county. With profit margins margins above industry average, revenues have been steadily increasing over the past five years due to a strong local reputation and increase in consumer discretionary spending. In 2018, revenues were around $1,916,000 with nearly $250,000 seller’s discretionary earnings. With an a great interstate presence, large customer base and a solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Property information

Real Estate:

Real Property Included

Business Operation

Reasons for selling:

Approaching retirement

Trading hours:

Mon.-Thur. 11-9, Fri.-Sat. 11-10, Sun. 11-8

Employees:
28
Years established:
2004

Other Information

Support & training:

The owner's available for a standard transitioning period up to one year.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable for the right buyer

Furniture / Fixtures value:
$195,000 (USD) - included in the asking price
Inventory / Stock value:
$32,000 (USD) - included in the asking price

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