REDUCED. 135,833 Net Operating Income. 89,639 Net Cash Flow. 25.52 1st year cash on cash. 15.47 CAP. 2.94 Debt Service Coverage Ratio. Maxine’s Cafe and Bakery on Main ST in historic Downtown Bastrop. Established in 1997. Voted Best of Bastrop 2019 Overall Restaurant, Breakfast, Dessert and Home Cooking. Current owner 10 years. Owner retiring. Real estate and or business for sale. Recently added adjacent 1,000 SF now 3,041 SF on two tracts. Not in flood zone. Over $40M in unmet restaurant and bar local demand in County. Growth rate nearly identical to Austin with much higher property value trends, higher percent 500K net worth, lower crime. 1 MI or less from Buc-ee’s, TX 71 or TX 21.
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Listing information last updated on July 4th, 2020 at 9:30am CDT.