QUESTIONS? Call or Text
QUESTIONS? Call or Text
There are over 40,000 restaurants in the state of Texas according to the National Restaurant Association, and they contribute a booming $70 Billion to the economy. Over 1.3 Million people are employed in the food and hospitality industry representing 10 percent of the total employment for the state in 2020. That number is expected to grow by 16.9 percent by 2030, creating 228,100 additional jobs.
Texas restaurants for sale are something most buyers explore due to the very favorable business climate in Texas, the temperate weather, absence of personal income tax, and overall economic health of the state. Texas has one of the largest economies in the United States according to Wikipedia, which places its size at $2.1 Trillion (second highest in the United States.). Texas has the ninth largest economy in the world when ranked on Gross Domestic Product - higher than even Canada and Russia!
It's no wonder those buying a business flock to Texas restaurants for sale offered by the Restaurant Brokers. Restaurants are an influential part of a booming Texas economy. National research shows that for every $1.00 spent in Texas restaurants, there is an additional $1.23 generated in sales for the state’s economy.
Texas residents have one of the lowest tax burdens in the nation. They are ranked seventh-lowest according to the Tax Foundation. Texas is one of only seven states in the nation that does not have a personal income tax, meaning all personal earnings are not taxed in addition to the federal income tax paid in each household.
Other Texas markets are handled by the corporate office. The Restaurant Brokers feature Texas restaurants for sales in all major markets in Texas.
Resources for Buying a Texas Restaurant
Buying a Texas restaurant for sale is a team sport and you may need all kinds of help. Our Texas Certified Restaurant Broker® has plenty of resources and aid for you. Here’s a starting point for the most common requests:
Dave Duce is the Franchise Partner for We Sell Restaurants in Austin Texas. he has over 15 years in the restaurant business serving every role from dishwasher and cook to manager and owner.
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Stan Blair is the We Sell Restaurants franchisee overseeing the Fort Worth, Texas market. He has over 20 years’ experience operating high volume grocery stores.
Buying a restaurant can be a journey filled with risk and reward. Frequently however, misinformation abounds as would-be owners seek out resources and begin viewing restaurant for sale opportunities.
Financing a restaurant purchase is getting easier by the day - IF you know where to look. The days of saying “no” to all kinds of lending to buy a restaurant seems to be past us.
Quick info:Dave Duce, Certified Restaurant Broker®See More
Stan Blair, Certified Restaurant Broker®See More
The Top 5 Myths about Buying a Restaurant DebunkedSee More
Financing a Restaurant PurchaseSee More
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