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Restaurant with $120,000 Yearly Net Profit in Bridge City,TX

Listing was updated on: 09/18/2019
Restaurant with $120,000 Yearly Net Profit in Bridge City,TX

Property Overview

Price/Rent PSF $ 1,300.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 07/19/2019
Search Demographic Data
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Description

Sales are $30,000! Restaurant is the talk of the town! Business nets $10,000 per month after all expenses, rent, and full-time payroll! Asking only $125,000 + inventory! Break-even in a year! High traffic volume for this area. Easily accessible to Hwy 73 and Hwy 87. The city is growing rapidly with the addition of new homes, and new businesses. Located in Orange County and near the Texas-Louisiana border. Well known for the area refineries, industrial, and retail opportunities. The industry promotes the economy and keeps population growth steady. 1 and a half hours from Houston! Driving distance to the gulf! Location is adjacent to one major retail business. Other retail and office in this area are CVS Pharmacy, Walgreens, 5Point Credit Union, H&R Block, Edward Jones Investment, Wellspring Credit Union and many more. High Traffic Count at over 20,000 cars per day! Rent is only $1,300 per month. Lease currently has a little more than 1 year left. Buyer with the right credit can receive an extension from the Landlord! Asking price for Business only is $125,000 + inventory. Approximately $2,500 in inventory. Seller can owner finance with $100,000 down!

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