Restaurant for Sale in Houston Earns HIGH Six Figures – SBA Lending!

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Asking Price:
$395,000

Gross Revenue:
$863,761
Cash Flow:
$216,362
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Profitable seafood restaurant for sale has the winning combination: Strong sales, great location, great food, amazing reputation, and HUGE six figure earnings. Owner earnings of $200,000. 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 3200 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 $6800 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 $200,000 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 $200,000 income provides.

About the Business

Location:
Harris County, Texas
Year Established:
2016
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
3,200
Rent:
$6,816.00 Per Month
Lease Expiration:
4/30/2021
Facilities:
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
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
This location has great rent is in a great location and there are national tenants in the shopping center
Growth & Expansion:
This location has a loyal customer base and great reviews along with demographic growth in the Houston market
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About the Sale

Reason For Selling:
Other
Training/Support:
yes

Listing Info

ID:
1516162
Ad Detail Views:
347

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Harris County, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Harris County, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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