Waterfront Bar & Grill Restaurant In Galveston County For Sale

Business description

This is a waterfront bar and grill restaurant located on scenic Galveston Bay in the greater Houston, Texas area. The restaurant has a large menu for breakfast through dinner serving seafood entrees as well as burgers and a variety of sandwiches. They also have a full bar serving wine, beer and liquor. With its scenic coastal locale it is a popular destination for the upscale, 'professional' biker crowd and the Jimmy Buffet 'Parrot Head' culture, but also draws a strong following from the local community and hosts Texas Hold-Em Poker six nights a week.

Property information

Real Estate:

Lease

Premises details:

The restaurant operates out of a standalone commercial restaurant building on waterfront property overlooking scenic Galveston Bay. There is ample parking for patrons and an employee/overflow lot nearby as well. The real estate is owned by the sellers and is available for sale or lease to the buyers of the business.

Size in square feet:

6,049

Business Operation

Expansion potential:

The restaurant has a track record of drawing from a diverse customer base so the possibility of continuing to expand and support a wider base of customers or pulling more from the current set exists.

Competition / Market:

There are some other local restaurants in the area, but competition is somewhat limited for restaurants with both the destination quality that also draws strong support from the local residents.

Reasons for selling:

Retirement

Trading hours:

Open 9am M-F, 6:30am Sat&Sun Closes 12am Sun-Th, 1am Fri&Sat

Employees:

FT:19 / PT: 13

Years established:

13

Other information

Support & training:

8 Weeks / $16,000 Cost

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Down Payment: $556,000. $139,000 x 120 @ 7%.

Furniture / Fixtures value:

$89,245 (included in the asking price)

Inventory / Stock value:

$14,000 (included in the asking price)