Italian Restaurant in Houston Suburb-Excellent Location with B & W

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Excellent Location and Opportunity
Asking Price:
$100,000

Gross Revenue:
$441,629
Cash Flow:
$71,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

Italian restaurant with excellent menu. Located northeast of Houston with no local Italian restaurant competition. Just received beer and wine license. Cash flow shown does not reflect newly received B&W license. Seats 111 customers and is positioned for a great income increase. Walmart Supercenter next door. Fully staffed and operational. Excitement is high from public with need for Italian restaurant this near Houston town. Motivated seller. Owner wants sold now. Owner financing available.

About the Business

Location:
Harris County, Texas
Year Established:
2018
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
3,200
Rent:
$4,200.00 Per Month
Lease Expiration:
12/31/2023
Facilities:
Store front restaurant across the street from Super Walmart.
Market Outlook/
Competition:
There are no other Italian restaurants in this small suburb of Houston. Easy exit just off major highway, next to Walmart Super Center.
Growth & Expansion:
Restaurant just opened and did not have Beer and Wine in place. Just added. Labor has been high due to recent opening and employee training efforts. Experienced management in place, and labor hour costs are steadily declining with experience. The hard work of opening the restaurant has been done. Growth now will be in relation to local advertising efforts, continued great service and retention of the quality fresh menu.
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About the Sale

Reason For Selling:
Owner has other business interests as well and needs to lessen responsibilities.
Training/Support:
Management team and staff will remain in place, Owner will give up to 4-weeks of free training.

Listing Info

ID:
1671107
Ad Detail Views:
145

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Business Listed by

Robert Corbell

VR H-Town Business Sales / Mergers & Acquisitions

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Sponsoring Broker:

Myke Howard
VR H-Town Business Sales / Mergers & Acquisitions


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