JR's Chophouse | 119 N Main St
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JR's Chophouse 119 N Main St
5 Room Bed and Breakfast Jacksboro, TX 76458 $1,689,900 ($337,980/Room) 16% Cap Rate
Investment Highlights
- RESTAURANT-BAR, 5 BEAUTIFUL AIRBNB ROOMS, STARBUCKS COFFEE SHOP, AND A SPACIOUS OUTDOOR COURTYARD TO HOST WEDDINGS AND SPECIAL EVENTS. UNIQUE BUSINES
- LOCATED NEAR INTERSECTION OF TWO US HIGHWAYS - 281 AND 380
- TREMENDOUS UPSIDE POTENTIAL - GENERATING OVER $1.25mm
- WALKING DISTANCE TO SHOPS AND DOWNTOWN AERA
Executive Summary
RESTAURANT-BAR, 5 BEAUTIFUL BED AND BREAKFAST ROOMS, STARBUCKS COFFEE SHOP, AND A SPACIOUS OUTDOOR COURTYARD TO HOST WEDDINGS AND SPECIAL EVENTS.
UNIQUE BUSINESS OPPORTUNITY WITH HUGE UPSIDE POTENTIAL. THIS VERY PROFITABLE BUSINESS IS BEING OFFERED FOR THE REAL ESTATE VALUE. THERE ARE SEVERAL PROFIT CENTERS IN THIS GREAT BUSINESS MODEL. RESTAURANT-BAR, 5 BEAUTIFUL BED AND BREAKFAST ROOMS, STARBUCKS COFFEE SHOP, AND A SPACIOUS OUTDOOR COURTYARD TO HOST WEDDINGS AND SPECIAL EVENTS. THIS HISTORIC ARCHiTECTURAL MASTERPIECE HAS BEEN EXTENSIVELY REMODELED IN 2012 TO ELEVATE HER GRANDEUR. IN 2018 THE OWNERS INVESTED ANOTHER $200,000 TO REMODEL THE KITCHEN. LOCATED ON HWY 281 WITH GREAT TRAFFIC COUNTS AND FANTASTIC EXPOSURE. JR'S CHOP HOUSE AND AIRBNB IS A VERY POPULAR DESTINATION WITH GREAT REVIEWS. THIS IS A TURN KEY OPERATION. SELLER WILL WORK TOGETHER WITH THE NEW PURCHASER TO ACCOMMODATE THE TRANSITION SO THAT THERE IS NO DOWNTIME OF THE OPERATION AFTER BEING ACQUIRED. THIS IS A FULLY OPERATIONAL ACTIVE BUSINESS AND ALL INQUIRIES AND SHOWINGS MUST RUN THROUGH THE LISTING BROKER AND MUST ATTEND ALL SHOWINGS.
UNIQUE BUSINESS OPPORTUNITY WITH HUGE UPSIDE POTENTIAL. THIS VERY PROFITABLE BUSINESS IS BEING OFFERED FOR THE REAL ESTATE VALUE. THERE ARE SEVERAL PROFIT CENTERS IN THIS GREAT BUSINESS MODEL. RESTAURANT-BAR, 5 BEAUTIFUL BED AND BREAKFAST ROOMS, STARBUCKS COFFEE SHOP, AND A SPACIOUS OUTDOOR COURTYARD TO HOST WEDDINGS AND SPECIAL EVENTS. THIS HISTORIC ARCHiTECTURAL MASTERPIECE HAS BEEN EXTENSIVELY REMODELED IN 2012 TO ELEVATE HER GRANDEUR. IN 2018 THE OWNERS INVESTED ANOTHER $200,000 TO REMODEL THE KITCHEN. LOCATED ON HWY 281 WITH GREAT TRAFFIC COUNTS AND FANTASTIC EXPOSURE. JR'S CHOP HOUSE AND AIRBNB IS A VERY POPULAR DESTINATION WITH GREAT REVIEWS. THIS IS A TURN KEY OPERATION. SELLER WILL WORK TOGETHER WITH THE NEW PURCHASER TO ACCOMMODATE THE TRANSITION SO THAT THERE IS NO DOWNTIME OF THE OPERATION AFTER BEING ACQUIRED. THIS IS A FULLY OPERATIONAL ACTIVE BUSINESS AND ALL INQUIRIES AND SHOWINGS MUST RUN THROUGH THE LISTING BROKER AND MUST ATTEND ALL SHOWINGS.
Property Facts
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Wedding Venue
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 5 | $108.00 | - |
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PROPERTY TAXES
| Parcel Number | 11001-02001-00101-000000 | Improvements Assessment | $538,070 |
| Land Assessment | $57,040 | Total Assessment | $595,110 |
PROPERTY TAXES
Parcel Number
11001-02001-00101-000000
Land Assessment
$57,040
Improvements Assessment
$538,070
Total Assessment
$595,110
zoning
| Zoning Code | CBD (Central Business District) |
| CBD (Central Business District) |
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JR's Chophouse | 119 N Main St
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