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Hill Country Smokehouse with Real Estate- ABSENTEE OWNER

Travis County, TX

Seller Financing Available

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Asking Price:$1,600,000
Gross Revenue:$1,430,000
EBITDA:$126,120
Cash Flow:$234,470
Inventory:$5,000
Established Year:1970
Listing ID: 2264955Listing provided by BizBuySell
BUSINESS DESCRIPTION

Profitable Restaurant with Real Estate-ABSENTEE OWNER

Texas Restaurant Advisors and bigInk Commercial Real Estate require a complete NDA and buyer disclosure form before confidential information will be released.

Long standing scratch kitchen, smokehouse with real estate is now available in the heart of the Hill Country in Mcculloch County. This restaurant offers slow smoked meats, chicken fried steak, half pound all Angus burgers, hand battered onion rings, crispy salads, fresh sides and homemade pies, just like grandma used to make. The restaurant is fully staffed with a GM, 5 full time and 10 part time employees. The interior is newly renovated for expanded seating and they offer take and catering options. This is a turnkey/package deal which includes the name, recipes, assets, real estate and saleable inventory. Sales and profits have been consistent over the past two years with an average SDE of over $200,000 with sales on pace for $1,550,000 in 2024.

Financing Notes: 100% Cash at Closing or 15%-20% down with SBA Financing. A lender has reviewed the package and has verbally approved the $1.6 million asking price.

DETAILED INFORMATION
Location
Travis County, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
2,898
Employees
15
Facilities
A complete list will be provided in the data room. The restaurant is complete with smokers, walk in fridge, deep fryers, convection oven, tables, chairs and decorations all in good, working condition. The location is situated in high-traffic area with good visibility. Furthermore, the business is strategically positioned across major highways, which increases brand exposure
Competition
There are a few local competitors but this business has the history, the volume and the reviews that others don't have. As a long-standing business, its customer base is comprised primarily of locals, most of whom have been devoted customers since its founding but also around 50% in new business. As a result, the business has established itself as cultural landmark in the communities in which it operates.
Growth & Expansion
There is an opportunity to increase catering revenue through enhanced marketing and advertising strategies for weddings and corporate events. The customer base is primarily local and tourists who frequent the trade area and that market could be increased with live music events in the evenings, refreshed daily specials and limited time offerings
Financing
100% Cash at Closing or 15%-20% down with SBA Financing. Seller open to some financi
Support & Training
Solid management team in place including a GM that will stay on with a new ownership group. Seller to ensure a smooth transition.
Reason for Selling
Owner is absentee and has other business interests
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Aaron
Evans
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Aaron Evans
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