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Steakhouse With Real Estate Included In Frisco For Sale

Frisco, Texas
Asking Price:
$2,195,000 (USD)
Turnover:
$1,700,000 (USD)
Net Profit:
$150,000 (USD)

Beautiful Steakhouse in Frisco, TX with Real Estate included.

Still operated by the Founder, the restaurant is very close to four semi-pro sports teams. And nearby is the Major League Soccer Hall of Fame adjacent to The Toyota Stadium, home of Major League Soccer team FC Dallas. And, The National Headquarters of the Professional Golf Association (PGA) has just announced its relocation to this same entertainment district.

Since 1993 the restaurant has occupied a large old residential home on three lots in the Main Street Historical District of Frisco, TX. The restaurant enjoys a very long-term clientele of local patrons, as well as out-of-towners attending sporting events. There is plenty of parking onsite that happens to be the only private parking lot on Main St., as well as free street parking for overflow.

The menu is Choice to Prime hand-cut Steak and fresh seafood. There is a full size walk-in wine cooler, and they offer an extensive high-end wine list, as well as a full spirits bar.

The restaurant seats about 200 people in multiple dining rooms, of which three contain fireplaces. There is also a lovely outside dining courtyard and garden. There are several private dining rooms to accommodate small and larger parties and events.

The real estate housing the restaurant is a historical landmark building containing almost 6,500 sq. ft. of usable space, and it is included in the price. The property is available for purchase without the business also. The building can easily be re-configured to provide rental income from the upstairs and contain the restaurant to the ground floor only.

This is a great opportunity for a chef/restauranteur/investor to obtain a low-cost SBA loan on this package deal. A profitable business in the fastest growing city in the U.S., and an excellent real estate investment opportunity in one of the hottest markets in the country.
Solid history of revenue and profit with good growth in 2018.
Asking price: $2,195,000

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