FOR SALE
Alamo Springs Cafe
(Business, Restaurant and 10+ Acres of Real Estate)
Fredericksburg, Texas
$1.25 MM
OVERVIEW
Restaurant Realty Group has been exclusively retained to offer for sale Alamo Springs Cafe, a unique restaurant located in Fredericksburg, Texas, about an hour drive from San Antonio. Located next to the bat cave at Old Tunnel State Park, the restaurant is a favorite of locals and home to award-winning burgers that are so good they have been featured on the cover of Texas Monthly magazine! Combine the outstanding food and atmosphere at Alamo Springs Cafe with live music on the patio and a scenic drive on a winding road and you have something really special.
Facilities
The owners like to say that Alamo Springs Cafe is in the middle of nowhere. And, it is. However, it may be best described as inconveniently located between Comfort and Fredericksburg. But this does not keep the customers away. In fact, the restaurant is a favorite of locals and draws regular customers from neighboring cities like Austin and San Antonio. This freestanding restaurant is located on just over 10 acres (included in the sale) and is approximately 2,000 sf inside with seats for 74 guests. The outdoor areas include a 600 sf patio with stage for live bands, a 250 sf deck and a 160 sf covered porch, providing a total of 92 outdoor seats and a total capacity of 166 guests. The large parking lot was just resurfaced in early 2018.
Furniture, Fixtures and Equipment (FF&E)
The cost of starting a restaurant from scratch is HUGE. Heating, ventilating, air conditioning, plumbing and electrical systems cost far more than most people realize. For example, for a similar sized 2,000 sf shell, our clients typically pay anywhere from $200,000 to $500,000 and up for a complete build out... making it much less expensive to purchase an existing restaurant. This sale includes all furnishings, fixtures and equipment. This includes all indoor and outdoor tables, dining room chairs and booths, two well-equipped kitchens, display coolers, signs, lights, point of sale system and other items that make Alamo Springs Cafe what it is.
Food & Beverage
Alamo Springs Cafe is a full service restaurant serving lunch and dinner. The recipient of many awards and accolades, including Texas Country Reporter claiming they have the absolute best burger in Texas,. Alamo Springs Cafe seems most proud of what has become called "The Cover Burger" as it was rated the 3rd best burger in Texas and was featured on the cover of Texas Monthly magazine. Their burgers go perfectly with their tasty french fries and old fashioned onion rings. They do have a full menu which includes a nice selection of home style appetizers, hamburgers, salads and desserts.
As one would expect, at Alamo Springs Cafe the food is the main attraction with burgers, fries and onions rings being the top sellers. Food accounts for 84% of sales with the balance attributed to sales of beer and wine.
Labor
Without question, Alamo Springs Cafe is a great place to eat. And, it's also a great place to work. Unlike many restaurants struggling to retain employees, this restaurant has tremendous stability with its workforce as most employees have been employeed for many years. All together, there are 16 employees, 10 full-timers and 6 part-timers. Labor costs come in at just under 30% of sales. All employees, except ownership, will stay with the business leaving a seasoned and qualified staff to help smooth the transition to new ownership.
Performance
Alamo Springs Cafe has been in business for over 14 years and is open to the public every Wednesday thru Sunday from 11:00 am to 10:00 PM CST. The restaurant has experienced an approximate 10% year-over-year growth during this time. The restaurant opened in 2003 to modest sales and in 2017 annual sales totaled $1,066,000. The owner's cash flow was $175,000 and the business is valued at $600,000. Just a little over three times the annual cash flow.(Currently, 2018 is on track to achieve the same 10% growth from the previous year.)
Upside
Alamo Springs Cafe has sustained a 10% year-over-year growth since it opened in 2004. This growth is expected to continue. However, there is more room for additional growth. The restaurant is currently closed on Mondays and Tuesdays allowing 2 additional days to be open for business (almost a full week each month). With the success of Alamo Springs Cafe and the Old Tunnel Park, additional businesses have opened near by and more are coming - creating additional opportunities and rises in real estate values. And, with 10 acres of land attached to the sale, there is plenty of room for further development... the only limit is one's imagination.
Goodwill
People love to visit Alamo Springs Cafe to enjoy the award winning food, cozy atmosphere and live music. With 10% year-over-year growth and 13,000 followers on Facebook, it is obvious that Alamo Springs Cafe has a strong following and has built considerable goodwill in the community. They have built a great reputation built around the trade name of the business, the menu and menu items, all the business systems, service systems, standard operating procedures, intellectual property, trademarks, phone numbers, fax numbers, websites, email addresses, social media sites, etc. All of which are quite valuable and included in the sale.
Training
Alamo Springs Cafe is a mature, full service restaurant with policies and procedures in place. The owners will provide up to 30 days of training to assure a smooth transition. After this time, the owners will be available in a consultant's role at an hourly rate.
Interior
2,000 SF Interior Fully Equipped Kitchen Fully Furnished Dining Areas General Store Look & Feel |
Exterior
10+ Acres Newly Resurfaced Parking Lot Outdoor Patio + Stage Covered Patio/Porch |
Area Attractions
Old Tunnel State Park Many Vineyards and Wine Tours Downtown Fredericksburg Downtown Comfort |
Financials
Financial Reports (PDF) Tax Statements (PDF) |
Click Pictures Below to View Videos
|
|
|
|
TRADE AREA
ALAMO SPRINGS CAFE
107 Alamo Rd. Fredericksburg, TX 78624
*** AVAILABLE NOW **
CONTACT INFO
IMPORTANT NOTE:
THIS BUSINESS IS CURRENTLY OPERATING
DO NOT CONTACT ANYONE AT THE BUSINESS
THEY KNOW NOTHING ABOUT THE SALE AND CANNOT HELP YOU IN ANY MANNER
THIS BUSINESS IS CURRENTLY OPERATING
DO NOT CONTACT ANYONE AT THE BUSINESS
THEY KNOW NOTHING ABOUT THE SALE AND CANNOT HELP YOU IN ANY MANNER
ALL INFORMATION FURNISHED IS FROM SOURCES DEEMED RELIABLE AND IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF TERMS AND/OR CONDITIONS.
PLEASE VERIFY ANY AND ALL INFORMATION FOR ACCURACY AND COMPLETENESS.