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Texas Business For Sale |
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| PROFITABLE UPSCALE BAR AND STEAKHOUSE RUN ABSENTEE |
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| Attn: Bill Holtzclaw |
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| Temple, TX, USA |
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| Asking Price: |
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$595,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Partnership dissolving |
| Year Established: |
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2004 |
| # of Employees: |
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20 full time, 12 part time |
| Yearly Revenues: |
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$1,400,000 |
| Yearly Cash Flow: |
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$165,000 |
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Business for Sale Overview:
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This is a very profitable upscale restaurant with a separate bar and large patio bar. Currently run absentee, this restaurant is off a main highway and across the street from a major shopping mall and is very close to a large hospital up the street. Sales have increased every year, even with road construction last year in front of the restaurant. They have a large catering business that is taking off in sales also. The sale includes a large catering van.
This is a very popular restaurant with the best steaks in town. Remodeled just a couple of years ago the restaurant sports an upscale western look. The large outdoor patio deck and bar looks like Margaretville. The inside bar is also very popular with Karaoke and many other theme nights. This is a restaurant and bar that anyone would be proud to own and has a lot of potential. A working owner would make about $165,000 or about $130,000 absentee.
The partnership is dissolving which is the only reason for the sale. The owner is willing to do some financing. Although the he is just selling the business he may be open to sell the land to the right person or at a future date. This is a good one and a must see for anyone considering a restaurant and bar.
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Property Features and Assets:
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Remodeled just a couple of years ago the restaurant sports an upscale western look. The large outdoor patio deck and bar looks like Margaretville. The inside bar is also very popular with Karaoke and many other theme nights. Located across from the only major mall in town and next to a major hospital on a main road. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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