Restaurants for Sale

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

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Agent Profile

Agent: Marcia Bowron

Main Office: 713-680-1200

Direct Line:

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Listing Profile

Sports Bar & Restaurant North of Houston w/Real Estate For Sale

Listing #: 8225

Houston

Listing Profile
Business Classification:
Restaurants
Business Purchase Price:
$650,000
Working Capital:
$0
Real Estate Price:
$1,700,000
Total Purchase Investment:
$2,350,000
Down Payment Required:
$2,350,000
Gross Revenue:
$2,256,746
Discretionary Earnings:
$243,744
Imputed Rent:
$115,500
Total Cash Flow:
$359,244
Description and Operations
Business Description:

This popular sports bar and restaurant franchise advantageously located right on Lake Conroe offers great food at friendly prices with all the sports and entertainment you can imagine! Great place for the entire family! Known for their awesome crawfish and delicious wings they also offer a full menu featuring soups, salads, burgers, wraps, fish, steak and much much more including a full bar! Restaurant seats142 inside and 120 outside on the beautiful patio, where patrons enjoy the lakeview, tiki bar and can easily dock their boat at their newly remodeled pier on site! About 40% of the sales comes from the “regular” customers. 2 General Managers (both willing to stay); 1 GM handles the kitchen with the other GM handling front of the house. 2 Asst Mgrs are also on staff. Royalties are $3000/mo plus 2% for revenues over $1.8 mil/yr. Buyer to pay $5,000 franchise transfer fee.

Business Established Date:
2012
Reason for Sale:
Partner dissolution
Full Time Employees:
7
Part Time Employees:
25
Facility Type:
6041sf freestanding facility on .435 acres of land
Monthly Rent
$6,500
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