Texas Iconic Restaurant and Landmark

Not Disclosed, NA


Asking Price: Annual Revenue:
Not Disclosed $12,880,611

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Texas Iconic Restaurant and Landmark Broker: Angela Lee

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $12,880,611
Net Profit: Not Disclosed
Cash Flow: $2,300,751
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1971
Employees: 80
BBN Listing #: 564343277
Broker Reference #: 8455-314898

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Business Overview:

Domestic and Internationally known, one location restaurant and destination spot with four separate strategic tourism-fueled industries, all of which are experiencing growth.

70 years running, family owned location that is so well known, it's been highlighted on shows like the Travel Channel, Food Network, Anthony Bourdain, and has even had a spotlight showing in movies
Destination restaurant that feeds over half a million patrons a year and growing!

Considering the strong cultural influence and the beneficial geographical location of these establishments, this is a promising investment. Located off the main highway, which attracts about 50,000 travelers a day, the restaurant is globally recognized and offers critically acclaimed services to customers. The nearby area has gained the favor of the city and is planned for $100 million of net new development, $34 million of which is planned for the next couple of years. In addition, the forecast for 2021 is expected to exceed $20mm.

Multiple Buildings.

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Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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