Acclaimed Full-Service Restaurant in Affluent West University Est. 10 Yrs - #8154RDE

Houston, TX Restaurant for sale:

Acclaimed Full-Service Restaurant in Affluent West University Est. 10 Yrs - #8154RDE


This is a rare opportunity to purchase an exceptional restaurant with a proven track record that has been established for more than 2 decades in the same location. This acclaimed full-service restaurant is located in a busy area just outside of Rice University and a few blocks from the Medical Center which attracts a white collar crowd that happily pays a premium for good food. The cuisine is a southern style American comfort food that is served at a lunch and dinner service currently, they also have an impressive selection of wine, beer and liquor. Even as an established restaurant the buildout and atmosphere still feels cozy and modern and all equipment is in great shape and functional, it is a turn-key money maker for the right owner! Reviews on all major food-based websites are 4+ stars due to the attention of the current staff to food quality and excellent service. The current owner has run the business absentee for many years and is now a bit overwhelmed with many other projects, so it is a perfect opportunity for a new owner to take the reigns and improve sales even more. There is great upside potential with an on-site owner as it was when it was originally started. All books and records are extremely clean and numbers are easily verifiable, which is very rare in this type of business. The owner may consider financing a small portion of the business to an experienced operator. Please refer to CBB Listing #8154RDE Please call Certified Business Brokers (CBB) @ 713-680-1200 or visit our Restaurant website here: https://restaurantsforsaletexas.com



Location

Country:

USA

State or Province:

TX

City:

Houston

Location Zip or Postal Code:

77079

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Acclaimed Full-Service Restaurant in Affluent West University Est. 10 Yrs - #8154RDE

Year Established:

1998

Number of Locations:

1

Number of Seats:

51-150

Size:

5100, Square Feet

Number of Employees:

11-50

Hours of Operation:

7 days - Tues - Sun 11am-10pm; Mon 5pm - 10pm

Growth or Expansion Opportunities:

Owner-operator and involvement in business. Owner has not worked a shift in 10 years.

Reason for Selling:

Owner has other successful businesses he wants to focus on.

Owner Operated or Absentee Owner or Flexible:

Absentee Owner

Financial Details

Asking Price:

$600,000

Gross Revenue:

$1,826,922

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE (Sellers Discretionary Earnings):

$320,775

SDE Range:

Over $300,000

FF&E Value (Furniture Fixtures and Equipment):

$264,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$15,000

Inventory Value included in price?:

Yes

Asset or Share Sale:

Asset

Real Estate Owned or Leased:

Leased

Total Monthly Rent:

$13,250

Contact Listing Owner