MergerPlace

Texas Style Restaurant

Texas (Smith)


  • Asking Price: $3,500,000
  • Gross Income: $817,744
  • Cash Flow: $227,871
  • Real Estate: $2,800,000
  • Inventory: Not Disclosed
  • FF&E: $298,518
  • Listing ID: #199081
  • Established: 1980
  • Employees: 3 FT/25 PT

Business Description

Murphy Business & Financial Corporation – Dallas is pleased to present for sale a rustic, Texas style, log-cabin eatery with a creek-side patio. The restaurant serves smoked Bar B Que, tasty fish dishes such as tilapia, salmon and catfish; a variety of steaks and wild game such as Quail, Venison, Duck and Kobe Beef. When you enter into the restaurant, you feel like you are walking through a museum. Displayed prominently on the heavy cedar walls are museum quality firearms, trophy big game mounts from all over the world and a bit of Texas history. The food is carefully prepared and scrumptious, the atmosphere is welcoming and customers love the service. The full bar is right out of the Wild West and serves up the best drinks in town. Please call for a full showing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
County: Smith

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/25 PT

Financial Information

Asking Price: $3,500,000
Gross Revenue: $817,744
Cash Flow: $227,871
FF&E: $298,518
Real Estate: $2,800,000
Seller Financing Available: No

Property Information

Facilities:

The premises currently consist of an 8,320 square foot 1 ½ story restaurant building. The exterior construction is a mixture of log, stone, stucco and wood siding. The first floor is 7,444 square feet and includes an entry, 3 dining rooms, a large bar which includes dining area, kitchen, 2 large restrooms, 1 small restroom and 3 fireplaces. The second floor includes an 884 square foot large office. Additional improvements include a covered 358 square foot front porch and 2 separate rear porch areas with a total of approximately 1,600 square feet for additional dining. The larger of the two porches is concrete with flagstone accents and includes a flagstone fire pit along with extensive landscaping and a small waterfall. The smaller of the two porches is a wood deck with side railing. Other improvements include retaining walls, adequate concrete parking and a custom flagstone sign. The restaurant was constructed in 2008.

Growth & expansion opportunities:

The catering business is relatively new and could be expanded. A new owner could bring in music on a regular basis and provide entertainment to increase patrons. Advertising, coupons and other factors could increase the businesses population. A person or company within the industry could crank this location up and generate more traffic.

Competition:

There are other eateries in and around Tyler, most being chains and franchises. Few, if any, can provide the atmosphere and food the way they do. This restaurant is a mix between Texas History, a Museum and fine dining; in your boots and jeans. There is nothing like it.

Reason for selling:

The owners have owned this establishment for years. It’s run its course and they are ready to retire from the restaurant business.

Support & Training:

Will train for 2 weeks @ no cost. The business is a full service restaurant and bar, serving appetizers and a full menu of various items such as smoked bar-b-que, Kobe beef burgers (acclaimed by Texas Monthly), prime rib sandwiches, pork ribs, turkey breast, sausage, ham, pulled pork, venison, chicken, quail, shrimp, catfish, tilapia, salmon and steaks. In addition they have a full bar and serve mixed drinks and beer, on tap and in the bottle. The business provides catering and offers space rental for weddings, business meetings and other family gatherings. The buyer will require a liquor license and any other licensing required owning and operating a restaurant/bar.

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Business Listed By:

Richard Gadberry

Murphy Business Brokers