The Dam Grill 16082 E State Highway 29

Investment Highlights

Fully Operational Restaurant in the Heart of the Hill Country Large Covered Outdoor Patio Serving Beer and Wine Loyal Customer Base and Growing Revenue

Executive Summary

Unique opportunity to purchase a thriving restaurant in the heart of the Highland Lakes area! Amazing location on Highway 29 and just down the street from Lake Buchanan and Inks Lake, this restaurant has a loyal customer base and revenue is increasing every year. This turnkey sale includes the real estate, business, inventory, furniture, and fixtures. The restaurant comfortably seats 75 and the owners recently added a covered patio with bar and tv. This is one of the closest restaurants to Inks Lake State Park, which is in the top 10 most visited parks in Texas with 232,690 visitors in 2022, helping maintain a steady flow of patrons. The property itself consist of over1.3 acres, allowing for plenty of parking in the paved parking lot and room for building expansion if desired. In addition to the main building, there is a large storage and office building located at the back of the property along with an RV spot that can be utilized by the owners or for employee housing. The restaurant is fully staffed and utilizes a digital point of sale system to keep everything flowing efficiently. Owners are willing to help train the new owners if desired. This is an amazing business in a quickly growing area of the Texas Hill Country, don't miss this opportunity! Financials are available to qualified buyers.

• Sale Type    Investment or Owner User
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,322
• Building Class    C
• Year Built    2000
• Price    995,000
• Price Per SF    429
• Cap Rate    20
• NOI    199,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.31 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Freeway Visibility
• Restaurant
• Security System
• Signage
• Air Conditioning