Business For Sale

Restaurant for Sale in Houston-Six Figure Earnings

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$470,000 $975,563

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale in Houston-Six Figure Earnings Broker: Steve Weinbaum

Quick Facts

Asking Price: $470,000
Annual Revenue: $975,563
Net Profit: Not Disclosed
Cash Flow: $289,965
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 22
BBN Listing #: 13978096
Broker Reference #: 6173

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Business Overview:

Profitable seafood restaurant for sale has the winning combination: Strong sales, great location, great food, amazing reputation, and HUGE six figure earnings. Owner earnings exceed $250,000. Qualifies for SBA lending.

Located less than 30 minutes from downtown Houston, this successful restaurant for sale is a local favorite. Although known primarily for its amazing and reasonably priced seafood selections, this restaurant for sale also serves a great menu full of delicious appetizers, salads, steaks and sandwiches.

This seafood restaurant for sale offered by We Sell Restaurants is in a conveniently located area with easy access and plenty of parking close to other shopping destinations such as grocery stores and other major big box retailers, adding to the constant flow of customers for lunch and dinner. Inside is beautiful and spacious at 3,200 square feet, seating capacity is over 100. Outside is an inviting patio for additional guests.

The value and quality of the food is evident from the 4 plus star reviews it receives on all the top social media sites. Descriptions such as "Awesome, best seafood and steak in the Houston area," are just a sampling as to why this is truly a local favorite.

For the area, location, and size, the owners negotiated an amazing monthly rent of only $6,800 including all CAMS. That's only $25.50 per square foot and represents less than 8% of annual net sales, one of several reasons why this profitable Houston area seafood restaurant for sale is generating over $250,000 in owner income. Verifiable books and records covering over two years of operation allow for a well qualified buyer to secure SBA backed financing.

One owner runs the kitchen and is willing to offer 4 - 6 weeks of full time training so this seafood restaurant for sale is perfect for someone who loves to cook. Opportunities like this are few and far between. This turn-key opportunity is ready for the next owner operator to acquire for less than 2 times the earnings and start enjoying the lifestyle that a $250,000 plus income provides.

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Property Features and Assets:

List of furniture, fixture & equipment Main dinning Table 26 Main Dinning Chair 106 Outdoor Table 4 Outdoor Chair 13 High-chair/Booster seat 9 Fryer 2 Oil filter machine 1 Flattop Grill 1 Gas Stoves & Oven 1 Gas steak grill 1 Over-counter convection Oven 1 Portable Gas Stove 1 Drawer-Cooler 2 Portable Freezer 1 Hoshizaki Ice Machine 1 Walk-in Cooler 1 Walk-in Freezer 1 3-compartment-sink 1 2-compartment-sink 1 Deep Hand-sink 2 Prep-table 5 Sandwich Prep. Cooler 2 Drawer food heater 1 POS computer with Cash drawer 1 POS computer 2 Register printer 3 Kitchen printer 1 42" TV 1 Homephone unit 3 Audio System 1 All Dry-storage shelves All prep. food storage containers/lids All pots & pans All Plats, Bowls & Salad Bowls All Spoons, Forks & Knifes All drink Pichers All Glasses/Wine Glasses All food/drink trays

Market Competition and Expansion:

This location has great rent, is in a great location and there are national tenants in the shopping center.

Reason for Selling:

Other

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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