Listing Number: 76931-795388
Description
Here’s a unique opportunity to acquire a successful, well-established restaurant and event venue in the heart of McAllen, TX. Located in a prime spot in Downtown, the venue has built a strong reputation over the past 7 years, offering fine dining with locally sourced ingredients and exceptional service. Recently featured on Beat Bobby Flay, the owner’s expertise and the restaurant’s quality have been recognized nationally.
Now primarily an event venue, it hosts weddings, corporate events, social gatherings, and more. The space boasts a modern interior, state-of-the-art kitchen, and a professional staff. Its prime location attracts a steady stream of affluent locals, professionals, and tourists.
While the venue currently focuses on events, it can easily be converted back into a restaurant. The business has done $1,808,000 in sales in 2021, $1,730,000 in 2022 and $974,000 in 2023. With room to grow this business can hit those numbers once again. The chef, who played a key role in the restaurant's success, is willing to assist in running the business for the first few months after the sale. This is an excellent opportunity for anyone looking to take over a thriving business with a strong community presence and the flexibility to pursue various avenues of growth.
Listing Details
- Price: $298,000
- Down Payment: $149,000
- Sellers Discretionary Earnings: $58,938
- Total Sales: $974,055
- Location: Hidalgo County, Texas
- Inventory: $5,000
- FF&E: $150,000
- Employees:
- Year Established: 2018
- Reason for Selling: Focus on other businesses
- Category: Restaurants,Retail Miscellaneous
