High Revenue, Established Diner Restaurant For Sale in South Texas
Victoria, TX
| Asking Price: | $4,000,000 |
| Real Estate: | $700,000 |
| Gross Revenue: | $2,350,000 |
| Established Year: | 1948 |
Listing ID: 2296219Listing provided by BizBuySell
BUSINESS DESCRIPTION
76 Year Old, Well Known Local Diner in the Heart of Victoria
This restaurant in Victoria, TX generates significant annual revenue and is highly profitable. We are offering the entire restaurant business including the real estate (owned free and clear) and brand. Located in the heart of Victoria in a highly desirable and visible part of town, this restaurant earns multiple seven figure annual sales. Located directly across from DeTar Navarro Hospital with frontage on N Navarro St (35,000 VPD). Business can be run FULLY absentee if desired.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Victoria, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,478
Employees
40
Facilities
Total land is 0.88 ac among 3 parcels. Main parcel contains the 4478 sf building for the restaurant. There are 59 parking spaces. Adjacent to the restaurant building is a 3 bed / 2 bath home with a month-to-month tenant included in the sale. The restaurant itself recently got all new plumbing (cast iron updated to PVC), kitchen remodeled, parking lot restriped, some new paint work, recent roof, recent walk-in cooler & freezer, recent LED sign.
Competition
This restaurant is a market leader due to its 75+ year history and reputation among locals.
Growth & Expansion
New owner could implement drink specials, live music, and other events to greatly boost revenue. Additionally, the single family home on the property can be demolished in favor of additional parking, extra storage, etc.
Financing
Owner is offering seller financing at 25% down, 7% fixed interest, 10-30 yr term
Support & Training
Owner will provide extensive training and guidance to new owner.
Reason for Selling
Retiring
BUSINESS LOCATION
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