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Upscale Restaurant In An Active Growth Area
Not Disclosed, TX
MONTGOMERY County
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| Asking Price: | Annual Revenue: |
| $200,000 | $600,000 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: Upscale Restaurant In An Active Growth Area
Contact: Bo Hudson
Quick Facts
| Asking Price: | $200,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 10 | |
| BBN Listing #: | 981644107 | |
| Broker Reference #: | 76931-287063 |
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Business Overview:
A one of a kind restaurant featuring upscale finish-out materials that provide an atmosphere normally found in a downtown setting. This popular Steakhouse meets all the requirements for being an 'upscale' spot for local patrons. Location is in a growing area of Montgomery County and surrounded by residents with plenty of disposable income for eating out.
The restaurant opened in May of 2019 and area clients provided revenues of around $600,000 during its first 8 months. 2020 revenues were down approximately 30% due to area shutdowns, etc. The current year is progressing and owners will begin offering a lunch menu in September. Preparations are underway for a busy 4th quarter active with Holiday parties.
The owners transformed this 3,500 square foot facility into a 'classy' dining atmosphere. Their investment included $200,000 of Leasehold Improvements and $100,000 upgrades to Furniture, Fixtures, and Equipment. Interior features include custom designs from the floor to the ceiling!
This is a must-see for its fine dining motif; complete with a full bar. Owners are moving on to another project and time constraints with this location are interfering with plans.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
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