Upscale San Antonio Restaurant For Sale

Business description

This established restaurant has been open for over 10 years and is a destination location in the scenic Texas Hill Country not far from several vineyards. The business has been awarded several best of by customers and has a loyal founding in the surrounding communities. It is also an ideal venue for parties and special events with multiple event rooms. Even during this tough economy, revenue is up almost 10% in 2011 from the previous year.

There has been little turnover in staff as most have been with the restaurant for over 5 years providing continuity with the client base for a new owner. There are several chefs, banquet manager, and floor manager in place. Current owner runs the restaurant from a business manager perspective. Costs are in line with national averages - Rent cost is only 7% of annual revenue and labor is 21%.

If you are interested in wine and fine dining this is a great opportunity for you. Current owner is willing to assist new purchaser including signing a noncompete/non-solicitation agreement. Owner is selling after 10+ years as they need a change in venue.

This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Contact Doug Scheiding by clicking on the contact seller button below.

Property information

Real Estate:

Lease

Lease terms:

$6,505 per month

Location:

3,500 sq. ft. building

Size in square feet:

3,500

Business Operation

Reasons for selling:

Other Business Interests

Employees:

6 FT, 9 PT

Years established:

13 years (1999)

Other information

Support & training:

Seller will provide training

Furniture / Fixtures value:

$49,500 (included in the asking price)

Inventory / Stock value:

$24,300 (included in the asking price)