A popular Texas based franchise in a great West Houston location needs a new owner. Open only six months the current owners are undercapitalized and need a quick sale. The cost to open a restaurant like this is over $150,000. The owner is asking only $75,000, half the amount for a new location. But all offers will be considered for a capable buyer. Located on one of Houston’s busiest streets, the restaurant enjoys traffic counts of 95,000/day. And the neighborhood is terrific as well with household income averaging $80,000. There is great potential for this restaurant. Sales revenue is growing but not yet up to franchise averages. The ideal buyer will work in the business and have sufficient working capital in reserve to increase marketing and catering efforts. Detailed information on this opportunity is available from the franchisor. The franchisor is looking for someone who can step in and take over operations immediately. Buyer’s personal net worth must exceed $100,000. The Franchisor also provides in depth training at the franchisor’s corporate headquarters (in Texas). A $10,000 transfer fee paid to the franchisor by the buyer covers the cost of training. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.