Mexican Restaurant In Houston For Sale

Business description

This is a unit of a well known chain of Mexican Restaurants based in Houston, Texas. It is not a franchise but under a license agreement for the name. There are 5,800 square feet. The building is freestanding with plenty of parking. The rent is $6,000 per month. They are open for breakfast, lunch and dinner. The Restaurant has been at the present location for nearly 40 years. The present owner purchased the business only one year ago. He has no expirience in the food business being from Mexico in the personal health business. He has a full-time job and no interest nor desire for this business and wants to sell. The street in front of the business is under construction but the new result will be fantastic once completed. Sales should increase $10,000 per week when finished, according to the seller. Also, a large outside patio and fountain. A must see to appreciate.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Does not like restaurant business. No experience.

Employees:

27

Years established:

1973

Other information

Support & training:

Available

Furniture / Fixtures value:

$380,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)