Restaurants for Sale

Food Service Businesses for Sale in Houston and other areas of Texas.

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Agent Profile

Agent: Ryan DeGennaro

Main Office: 713-680-1200

Direct Line:

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Listing Profile

Acclaimed Full-Service Restaurant in Affluent West University Est. 20 Years For Sale

Listing #: 8154

Houston

Listing Profile
Business Classification:
Restaurants
Business Purchase Price:
$600,000
Working Capital:
$0
Real Estate Price:
$0
Total Purchase Investment:
$600,000
Down Payment Required:
$600,000
Gross Revenue:
$1,825,017
Discretionary Earnings:
$293,115
Imputed Rent:
$0
Total Cash Flow:
$0
Description and Operations
Business Description:

This is a rare opportunity to purchase an exceptional restaurant with a proven track record that has been established for more than 2 decades in the same location. This acclaimed full-service restaurant is located in a busy area just outside of Rice University and a few blocks from the Medical Center which attracts a white collar crowd that happily pays a premium for good food. The cuisine is a southern style American comfort food that is served at a lunch and dinner service currently, they also have an impressive selection of wine, beer and liquor. Even as an established restaurant the buildout and atmosphere still feels cozy and modern and all equipment is in great shape and functional, it is a turn-key money maker for the right owner! Reviews on all major food-based websites are 4+ stars due to the attention of the current staff to food quality and excellent service. The current owner has run the business absentee for many years and is now a bit overwhelmed with many other projects, so it is a perfect opportunity for a new owner to take the reigns and improve sales even more. There is great upside potential with an on-site owner as it was when it was originally started. All books and records are extremely clean and numbers are easily verifiable, which is very rare in this type of business. The owner may consider financing a small portion of the business to an experienced operator.

Business Established Date:
1998
Reason for Sale:
Owner has other successful businesses he wants to focus on.
Full Time Employees:
15
Part Time Employees:
10
Facility Type:
5100sf facility in shopping center
Monthly Rent
$13,250
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