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Seafood And Steaks In Texas For Sale

Texas
Asking Price:
$703,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$9,080,000 (USD)
Cash Flow:
$92,000 (USD)

This full-service restaurant specializes in classic southern & New Orleans Style dishes including Certified Angus Rib eye Steaks, grilled and blackened chicken, grilled fresh saltwater fish like salmon, redfish, red snapper, oysters, charbroiled and on the half-shell, and other Cajun dishes. Included in the asking price, the 7,290-square foot facility includes a dining area, commercial grade kitchen, walk-in coolers with new compressors, a new air conditioner, and office space. Located off of a highway, the owner keeps the facility and equipment up-to-date and in good condition. The company has a proven track record, supported by experienced personnel, 25+ years of ongoing business and rankings in the top 5 for the area on travel focused websites. With its broad range of menu items, marketing efforts focus on targeting individuals and commercial enterprises within Gregg County, Texas. Due to current owners’ personal reasons the restaurant is currently only open for 9 meals a week. With 14 meals a week, a 30% growth is expected to come easily to the new owner. Last year, total revenues were $908,381 with Seller’s Discretionary Earnings of $92,000. With a large customer base and 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:

Lunch 11-2, Dinner 5-9

Employees:
19
Years established:
1992

Other Information

Support & training:

The owner will be available as needed for a standard transitioning period.

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

Negotiable for the right buyer

Furniture / Fixtures value:
$245,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Information

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