Listing Number: 76931-809400
Description
Established restaurant & banquet venue with legacy and growth potential – Northwest Houston.
This restaurant has been a part of their community dining scene since 1977. With over four decades of continuous operation, this restaurant has exceptional brand recognition, and a multi-generational loyal customer base. Located in a high-traffic, high-visibility, area of Northwest Houston, the restaurant benefits from excellent exposure and consistent foot traffic. It’s 4698-square-foot facility includes tasteful leasehold improvements and buildout, ideal for both dining and events. They have a dedicated banquet space for up to 77 guests, that can be a go-to venue for weddings, corporate events, family celebrations and community gatherings. The current owner driven by health reasons is ready to retire and is unable to keep up with the demand. He is willing to stay on to ensure a smooth transition and mentor the new owner for success. He is motivated to find a strong operator that can manage the strong demands of the business. They have an attractive lease with competitive monthly rate of $5828 presenting excellent value for its size, layout, and location. This is a turnkey operation with a fully staffed and experienced team. They have a full bar and offer live entertainment on the weekend. Bring your own concept or continue the legacy.
This is more than a business – it’s a legacy, turn-key opportunity for the right buyer. The owner is willing to stay on to mentor and ensure a successful transition.
Listing Details
- Price: $375,000
- Down Payment: $375,000
- Sellers Discretionary Earnings: $-3,223
- Total Sales: $594,464
- Location: Houston, Harris County, Texas
- Inventory: $2,000
- FF&E: $200,000
- Employees: 8
- Year Established: 1977
- Reason for Selling: Retirement
- Category: Restaurants
