Restaurant For Sale
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $491945
Net Profit / Cash Flow $115954
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1975
Number of Employees 20 - 34
Inventory 100000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Reason for Sale Retirement.
Description This already growing and successful restaurant in Galveston Island, Texas, has great potential for additional growth under a new owner with fresh ideas and more energy. The restaurant features steaks and fresh-from-the Gulf seafood. It is known for its great food, reasonable prices, and relaxed atmosphere. The owners and staff provide detailed and personalized attention to ensure customers have a good dining experience. The employees have been with the restaurant for years and would remain after the business sale.
The sale includes the restaurant's 5,800-sq-ft building and 2 acres, which is located on a state highway and has plenty of parking. The building has a lovely inside dining room with a 112-person seating capacity. The restaurant has an outdoor tiki bar and a dining area with a 66-person capacity under a Mexican-style thatched roof. The restaurant is on a well-traveled road with easy access to the rest of the community. It serves a total population of 60,000 citywide and 250,000 countywide. The community is known for its great beaches and premiere resorts. The area is filled with art galleries, historical sites and parks. It is 40 miles from the fourth largest city in the United States and an international airport. The owners are willing to stay on for up to 30 days after the business sale to smooth the transition. Contact for more information on this Restaurant business for sale.
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