Upscale Italian Restaurant - N Houston

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$735,000 $943,324

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Upscale Italian Restaurant - N Houston Broker: Phillip Mather

Quick Facts

Asking Price: $735,000
Annual Revenue: $943,324
Net Profit: Not Disclosed
Cash Flow: $242,588
Total Debt: Not Disclosed
FF&E: $210,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 9
BBN Listing #: 911744107
Broker Reference #: 76931-643223

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Business Overview:

This established restaurant offers fine gourmet cuisine in a relaxed atmosphere. This 190-seater restaurant is professionally staffed and managed, presents very well and has a loyal clientele. Open for lunch, afternoon “happy hour”, and dinner for at-table diners or delivery. There are also special wine-pairing events, a private room facility, and patio dining in season.
Profitable, and on-target to grow revenue further in 2018, this restaurant would be equally suitable for a chef-owner or an investor.

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Property Features and Assets:

This business was opened in 2009 and has been steadily building a reputation as a go-to restaurant for delicious cuisine, quality and consistency of freshly prepared meals and excellent customer service. 195 seat dining area on street level. The facility is sized at 3,700 square feet and is situated in a busy strip center with high volume traffic. The kitchen is spacious and fully equipped. The dining area too is spacious and comfortable.

Market Competition and Expansion:

Well established with loyal customers Situated at a busy arterial intersection with high traffic volume Quality ingredients, and freshly prepared meals with unique recipes 190 capacity [including 35 outdoors on patio in season] Favorable lease terms Ample parking 30,000 new homes are to be constructed in the area by 2020 Grub Hub orders account for 20% of sales revenue . . . Adding additional on-line ordering platforms would produce revenue growth Further enhance the restaurant’s social media presence . . . Currently, advertising is largely word-of-mouth recommendations. Despite ongoing construction work on close-by hwy-290 the restaurant has maintained sales . . . Once construction is complete, the restaurant should show an increase in revenue

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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