S332 – Premier Restaurant in San Antonio

Premier Restaurant in San Antonio - S332

Location

City San Antonio
State Texas
County Bexar

Financial Information

Asking Price $250,000 Show Loan Calculator
Down Payment $75,000
Annual Receipts $767,000
Cash Flow $72,416

General Information

Description This is an outstanding opportunity to acquire a well known, successful and beautifully designed restaurant with a 20-year track record. The owner is reluctantly retiring for health reasons. This upscale restaurant offers an American-styled menu including fresh baked goods. All prepared from scratch. Between its main dining room and separate party areas it can accommodate up to 220 guests. It is in a superior location in North San Antonio on a major highway surrounded by upscale residential neighborhoods. It has a loyal clientele and hosts numerous social and civic clubs each week. The business has a history of positive cash flow and steady revenues. Sales reached a record $767,000 in 2010 with limited hours and only 10 meals per week being offered. The seller recommends a new owner increase the number of meals to 21 per week. The staff is well trained and experienced. The chefs and managers have been with the owner on average, 16 years. There is a five-year lease in place with three, five-year options. Leasehold includes fully equipped restaurant in excess of the owner?s assets listed below. The ideal buyer is someone with direct industry experience in a managerial or ownership role. Seller is willing to train the new owner as part of the purchase price. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Rod Black at 210-348-8989 or info@BBofSA.com.
Reason For Sale Retiring for health reasons
Franchise No
Home Based No
Relocatable No
Year Established 1990
Year Acquired 1990
Employees 10 FT/ 12 PT

Building Information

Building Sq. Footage 6,222
Monthly Rent $10,800
Real Estate Available No

Contact Business Brokers of San Antonio for more information.