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Businesses For Sale

Popular Full-Service Seafood Restaurant in NW Houston

Listing Agent:


Marcia Bowron

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Listing: # 8321

Price: $ 425,000

Location: NW Houston

Listing Profile

Classification:

Restaurants

Purchase Price: $425,000
Real Estate Price: $0
Working Capital: $0
Total Investment: $425,000
Down Payment Required: $425,000
Gross Revenue: $1,673,584
Discretionary Earnings: $280,246
Imputed Rent: $0
Total Cash Flow: $0

Description and Operations


Established Date: 1996
Monthly Rent: $15,741
Reason for Sale: Family illness and more time to volunteer
Employees(Full): 7
Employees(P/T): 13

Reason for Sale:
Family illness and more time to volunteer


Description:
This popular, full service, casual seafood restaurant with a “Cheers” type bar has become a strong foothold in its local community. It is in an excellent endcap location of a shopping center near a west Houston master planned community. Having been in business for nearly 30 years the local community supports and loves this seafood house and with To Go orders already in place, they survived COVID really well! Equipped with a good training program, several of their employees are original. The restaurant seats a total of 166 patrons with 48 of them seated in a private room for special events, 13 at the bartop, 16 outside and the rest throughout the 4830sf space. Very little advertising is paid for; most business is word of mouth, repeat or comes from social media. Staff can run the kitchen on their own, front of the house manager on staff, but as all restaurants do, would benefit from owner oversight. Please, only qualified buyers inquire. Landlord will require a buyer to have restaurant ownership experience and strong financials to be able to take over the lease.

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