Turnkey Restaurant in Popular Bay Area Destination

Not Disclosed, TX
Galveston County


Asking Price: Annual Revenue:
$1,800,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Turnkey Restaurant in Popular Bay Area Destination Broker: Bobbi Coffey

Quick Facts

Asking Price: $1,800,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 11
BBN Listing #: 330444107
Broker Reference #: 76931-523544

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Business Overview:

This is a combination business (restaurant) asset opportunity listed at $150,000 in addition to real estate for $1,650,000. Total opportunity listing price is $1,800,000.

This existing operating restaurant has been Asian themed at this location for 30 years before the current owner acquired from the prior retiring chef of over 30 years. Operating from a high visitation, highly sought-after area, the restaurant transitioned under a new name in the fall of 2021. New owner will be required to rebrand the restaurant name during an agreed upon timeframe, but the Asian concept, and restaurant popularity itself is proven.

This amazing piece or property includes the restaurant consisting of 4,704 Square Feet, and an additional residential structure (1,350 Square Feet) diagonally situated on the rear southwest portion of the lot. With the commercial building facing on over 150’ of frontage road, it includes a large, private parking lot, fully equipped kitchen with vent hoods, grease trap, 2 x 5 ton AC units and more. Encompassing .76 acres +/- this property has everything you need for the restaurant concept of your choice and more.

Existing owner started his first restaurant in downtown Houston many years ago, which was an immediate success and encouraged a new location in a south Houston suburb during the pandemic, followed by a third location. All experiencing success through leased operations, the owner acquired this new location by acquiring the business and additional real estate. With four locations, existing ownership finds managing real estate a challenge and wants to focus on the existing three leased locations and divest of this recent addition.
Rapid growth area, benefiting from tourism activity.

Slated for revitalizing prior to COVID, this area is rebouding from not only the pandemic, but a renewed communicty focus on local growth opportunity and expansion. This is an excellent location in a destination type vibe with limited acquisition opportuinties situataed close to the action.

Amazing dual purpose property including commercial fitted restaurant facing over 157' frontage road and an additional residential structure on rear directly facing a side street.

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Reason for Selling:

Divest

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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