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Award Winning Restaurant In Houston For Sale

Houston, Texas
Asking Price:
$375,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$793,816 (USD)
Cash Flow:
$171,146 (USD)

This elegant restaurant is one of Houston's hidden gems! Its location in upscale Upper Kirby by major freeways, yet tucked away in a residential neighborhood, is perfect to attract high-earning big spenders. They serve very unique cuisine that attracts big parties yet provides an extremely intimate setting - this restaurant is well known as one of Houston's best date-night locations. It also features a 1,000 square foot front patio. With nearly 700 yelp ratings and an average 4 out of 5 stars review, there is no doubt this is a proven concept that is poised to expand. The current revenue is generated from only an average of 5 hours per night, adding lunch and brunch services could greatly increase profits. Many of the current customers have requested later hours on the bar and the addition of a lounge space because so many of the current clientele are either on dates or having a party. There is a full kitchen setup with grease trap, so almost any kind of new cuisine can be added to the menu without making changes in the back of house. This is truly a once in a lifetime opportunity to own a very successful and well-known restaurant. Act fast before it's gone!

Seller's Discretionary Earnings: $171,146 Proforma

Property information

Real Estate:

Lease

Location:

2430sf freestanding facility + 1080sf patio

Business Operation

Expansion Potential:

Add Brunch & lunch service; add bar/lounge area. Space is available next door to increase footprint if desired.

Reasons for selling:

Partners want to focus on other business which is rapidly growing.

Trading hours:

7 days, Mon 5pm - 9pm; Tues - Thurs 5pm - 10pm; Fri/Sat 5pm-11pm; Sun 5pm - 10pm

Employees:
1ft; 10pt
Years established:
2012

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$294,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Related Documents:

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