Popular 8 Location Restaurant Chain - Houston

Houston, TX
Harris County

Asking Price: Annual Revenue:
$3,100,000 $3,453,283

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular 8 Location Restaurant Chain - Houston Broker: Wayne Blease

Quick Facts

Asking Price: $3,100,000
Annual Revenue: $3,453,283
Net Profit: Not Disclosed
Cash Flow: $1,059,969
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 54
BBN Listing #: 743244107
Broker Reference #: 76931-268521

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Business Overview:

This seafood restaurant chain includes 8 locations that offer a number of popular seafood favorites prepared fresh daily. 6 locations have been open and operating while 2 new locations are at different stages of opening. The owner is continuing to grow the business locations. Whether you like your seafood fried or grilled you will find your favorite seafood choice prepared just the way you like them. Dine-in or take out to share with your favorite person or order for delivery. These locations are popular local favorites. This concept was started in 2004 and despite challenging circumstances driven by Covid in 2020, each store managed to perform well throughout the past year, once again emphasizing the popularity of this family chain. The current owner has significantly streamlined and improved operations over the past year and a half, making this business sale opportunity ideal for any multi-unit operator. The current operating hours are from 11am to 9pm daily and each location is operated with between 8-12 employees for a total of approximately 54 employees. The locations range in size from 1,500 – 3,000 square feet of commercial space in well-trafficked areas. All location offers both dine-in and take-out, and delivery options.

This is a rare opportunity for a multi-unit operator to take over these locations and continue to grow the volume and profitability.

This concept was started in 2004 and the current owner has been involved with the concept since 2011. They took over these 8 stores in 2020 reopening some of the locations during the Pandemic, streamlining operations and growing the revenue. A serial entrepreneur, this owner has been involved in many concepts and turnaround opportunities. He is ready to turn this business over to an operator to allow him to focus on his other ventures.
This unique concept is well positioned for the right operator to take it to the next level.

Opportunity to create a strong website and online presence to elevate this concept to the next level. With a strong focus on local marketing and community involvement the opportunity exist for continued growth.

Properties are each in commercial centers. Additional lease details to be provided during due diligence.

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Reason for Selling:

Other business.

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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