Upscale Italian Restaurant - N Houston

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190+ Seater, Suitable for a Chef-Owner or an Investor! Motivated Seller
Asking Price:
$735,000

Gross Revenue:
$943,324
Cash Flow:
$242,588
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$210,000
included in asking price

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Business Description

This established restaurant offers fine gourmet cuisine in a relaxed atmosphere. This 190-seater restaurant is professionally staffed and managed, presents very well and has a loyal clientele. Open for lunch, afternoon “happy hour”, and dinner for at-table diners or delivery. There are also special wine-pairing events, a private room facility, and patio dining in season.
Profitable, and on-target to grow revenue further in 2018, this restaurant would be equally suitable for a chef-owner or an investor.

About the Business

Year Established:
2009
Number of Employees:
9
Real Estate:
Leased
Building Sq. Ft.:
3,504
Lease Amount/Mo.:
$6,912.00
Facilities:
195 seat dining area on street level. The facility is sized at 3,700 sq. ft. and is situated in a busy strip center with high volume traffic. The kitchen is spacious and fully equipped. The dining area too is spacious and comfortable

This business was opened in 2009 and has been steadily building a reputation as a go-to restaurant for delicious cuisine, quality and consistency of freshly prepared meals and excellent customer service.
Market Outlook/
Competition:
Well established with loyal customers
Situated at a busy arterial intersection with high traffic volume
Quality ingredients, and freshly prepared meals with unique recipes
190 capacity [including 35 outdoors on patio in season]
Favorable lease terms
Ample parking
Growth & Expansion:
30,000 new homes are to be constructed in the area by 2020
Grub Hub orders account for 20% of sales revenue . . . Adding additional on-line ordering platforms would produce revenue growth
Further enhance the restaurant’s social media presence . . . Currently, advertising is largely word-of-mouth recommendations.
Despite ongoing construction work on close-by hwy-290 the restaurant has maintained sales . . . Once construction is complete, the restaurant should show an increase in revenue
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks

Listing Info

ID:
1526758
Ad Detail Views:
541

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Business Listed by

Phillip Mather

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors

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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