Busy Seafood Cafe in NE Houston

Houston, TX
Harris County

Asking Price: Annual Revenue:
$1,295,000 $1,726,962

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Busy Seafood Cafe in NE Houston Broker: Ron Hankamer
Owner Financing is Available!

Quick Facts

Asking Price: $1,295,000
Annual Revenue: $1,726,962
Net Profit: Not Disclosed
Cash Flow: $535,713
Total Debt: Not Disclosed
FF&E: $17,500
Real Estate: Not Disclosed
Year Established: 2014
Employees: 18
BBN Listing #: 964944107
Broker Reference #: 76931-426455

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Business Overview:

SBA Approved Business! High volume cafe located in northeast Houston with revenues of $1.7M in 2019, $1.5M in 2020, and $1.8M projected for 2021. This restaurant concept would make a great addition for a buyer with an existing restaurant portfolio.

The most authentic Cajun food west of the Sabine River! Louisiana inspired recipes and all food is made from scratch daily from fresh ingredients. Not only do they serve the best seafood, gumbo, poboys and cajun favorites, but also offer a traditional kids menu. They keep their prices small and portions big - just like they do back home in Louisiana! This restaurant also has a fully stocked bar and serves the coldest and freshest beer in town.There's often live entertainment on the weekends and it's a great place to watch a football game or have a business lunch!

This restaurant has 2,000 sq ft with an outdoor patio and is located in an upscale shopping center with excellent demographics, visibility, and traffic counts. Monthly rent (including CAM) is $7,900 which is less than 6% of sales!

The listing price includes over $165,000 in FF&E and leasehold improvements, plus $4,000 in inventory. There are 21 employees including 3 managers on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The current owner wants to pursue another business opportunity.

Per owner's tax return, sales in 2019 were $1.72M with approximately $535K in discretionary earnings. Sales and earnings are expected to be similar in 2021. The restaurant is only open 6 days per week and closes daily at 9:00 pm so a new owner could extend the hours to increase sales. There are also strong delivery and catering opportunities in the area.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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