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Business for Sale Summary

Established Grill in Burnet County TX - 24430

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes
Established Grill in Burnet County TX
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This business has received 34 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $399,000 Down Payment $150,000
Gross Revenues $697,300 Lease Remaining Register Free to View
Owner’s Cash Flow $122,109 Number of FT Employees Register Free to View

Financing

$150,000 Down and $249,000 balance payable at 7% for 48 months

Business Description

This listing is a wonderful and unique Southern country restaurant and established specialty food store, providing the buyer with a tremendous opportunity to own and operate the #1 restaurant in the area. This restaurant has an excellent reputation for quality and customer satisfaction, and it is central to many civic functions throughout the year. Building is a historic structure, with preserved pressed metal ceilings and custom woodwork throughout. This spacious 6,000 sq. ft. facility will accommodate private parties, business functions and catering. The business currently sells specialty foods and gifts, such as canned veggies, chocolates and salsas. Owner has recently obtained a beer and wine license that has positively impacted sales. Current owners hold live music events and other entertainment in the facility, and new owner can increase this activity to increase sales. A well-known location throughout the area and state, this business has been mentioned in over 900 publications, and local radio and television personalities support, and are regular customers of the restaurant. This business is perfect for a restaurant operator looking for a business to be family-run. Restaurant has an efficiency apartment in the back of the restaurant, making management and relocation an especially easy process. Current owners recently spent $40k on interior renovations. Restaurant has unique one-of-a-kind intrinsic value and little competition. The business was also featured on the hit TV show Texas Country Reporter in March 2017. Seller of the business indicates that the current landlord may be interested in selling the real estate to the buyer of the business, so real estate may be available directly from the owner of this real estate. Contact broker for more details at 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.