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Exceptional Dining Restaurant & Bar
Location Texas,United States
Asking Price Range $250K - $500K
Gross Revenues $692509
Net Profit / Cash Flow $227127
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2012
Number of Employees 1 - 3
Inventory 280000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Family health issues
Description Take this already successful restaurant to the next level! This absolutely gorgeous restaurant creates a huge profit in just a few short hours of service with chef crafted gourmet meals & cocktails that can't be found anywhere else in Houston. This business is thriving after being open only a few months (they haven't even launched their grand opening party yet!), but due to the loss of a family member the owners must sell. This business is centrally located in the new booming entertainment district inside the loop, yet slightly hidden for a relaxed getaway vibe. Walking into the restaurant takes you to another world, with a fully enclosed patio and decorations that leave you feeling transported to a difference continent.
Reviews from customers are sparkling on all sites like Yelp, Opentable & Facebook - in fact it has won several awards in the last few months for its food & atmosphere even though zero marketing has been done. There is a full kitchen setup with grease trap & hood so that any new foods can be added to the menu; all equipment was purchased new and the majority is still under warranty.
There is a HUGE upside by adding a happy hour, lunch service and brunch service on Sundays as they are currently only serving 5 days a week during dinner. This is absolutely the best deal on a full service restaurant; priced at less than replacement cost, very low rent for the area, well under market value for the earnings and HUGE upside potential. Act fast on this deal before it is gone. Cash buyers only please!
Click Here To Contact Seller
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