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High Grossing Restaurant
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1700701
Net Profit / Cash Flow $343077
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1980
Number of Employees 20 - 34
Inventory 286500
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Seller will train.
Reason for Sale Owner consolidating businesses geographically.
Description Unique opportunity to acquire a high-grossing restaurant that is part of a locally owned and operated group of restaurants. For over 30 years, these restaurants have become the preferred dining destination for their loyal customers throughout the Houston area. Menu is Texas Americana including ribs, steaks, salads, and country style dishes. Service is wait staff and atmosphere is comfortable and fun. Friendly, attentive service focuses on customer satisfaction. Menus, recipes, and business name included in the sale for a monthly license fee of $500 per month. No franchise fees, no royalties, no advertising fees. Buyer gets the benefits of decades of name recognition, manuals that cover operating the business and established relationships with vendors that offer special pricing for the restaurant group. Fully equipped kitchen, experienced staff in place. Stand-alone building with abundant parking. 187 seats inside, 34 seats on the outside patio. Strong growth opportunity by building up catering in the surrounding area which will be restricted from competition by the other restaurants in the group. Everything is in place for a buyer to step into a successful, smoothly running business that can become even stronger with the daily attention of an owner/manager. Real Estate is also available for purchase at buyer's option. Seller financing available to qualified buyers.
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