Longstanding Restaurant with Real Estate
Longstanding Restaurant with Real Estate
A reputable, longstanding restaurant in beautiful surroundings that has been at its current location for 30 years. The restaurant stands on 4.6 acres of land and the real estate will be sold with the business at a price of $1 million. The business is being sold at an asset value of $125,000. The restaurant is located about an hour’s drive north of Houston. Known for its quality and reputation, it is open to the public at weekends and caters to corporate events and conferences on weekdays. A number of wedding events have been held on its stunning grounds, and this is a good growth opportunity for a new owner. Ideally suited for an ambitious buyer who is passionate about maintaining the quality and reputation of the restaurant while enhancing the services to take it to the next level!
Location
Country: | USA |
State or Province: | TX |
City: | Houston |
Location Zip or Postal Code: | 77042 |
Listing Information
Service Type: | Sit-Down Table Service, Catering |
Title of Listing: | Longstanding Restaurant with Real Estate |
Year Established: | 1957 |
Number of Locations: | 1 |
Number of Seats: | 51-150 |
Size: | 10,000, Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Reason for Selling: | Other Business Endeavors |
Owner Operated or Absentee Owner or Flexible: | Absentee Owner |
Training Provided: | Yes |
Financial Details
Asking Price: | $1,125,000 |
Gross Revenue: | 477,127 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment): | 75,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $13,500 |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Real Estate Owned |
Real Estate Value Included?: | Yes |
Contact Listing Owner
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