-
Property MLS :
58151961
-
Property Status :
For Sale
-
Property Type :
Lots
Ramsey's Restaurant is an American diner established in 1948 in the heart of Victoria. Sale includes the entire restaurant business and real estate (3 parcels totaling 0.88 ac). Ramsey's can be run fully absentee.
The restaurant is strategically located on Navarro St (35,000 VPD) and across from DeTar Healthcare System -- a major regional hospital. Ramsey's consistently earns multi seven-figure revenue figures and significant net income. Recent capital improvements include new plumbing to replace cast iron with PVC, remodeled kitchen, restriped parking lot, some paint work, a roof & walk-in cooler/freezer within last 5 yrs. Note: A third, contiguous 0.24 parcel on Wheeler St also available for sale; it has a 3 bed/2 bath house with a tenant. As the needs of the restaurant grow, the new owner can tear down the house and take advantage of the additional land area.
Owner financing at 25% down, 7% fixed, 10-30 yr term. Please call for details.