MergerPlace

Full-Service Restaurant in SE Houston

Texas (Galveston)


  • Asking Price: $200,000
  • Gross Income: $530,000
  • Cash Flow: $74,700
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $51,700
  • Listing ID: #214427
  • Established: 2015
  • Employees: 2 FT / 9 PT

Business Description

Fine Food, Casual Dining. The restaurant has been in operation since 2015 and has built a loyal customer base in this affluent neighborhood by offering fine food and wine with outstanding customer service. Area is rebounding from Hurricane Harvey and expected to grow.

They combine fine food and good wine with excellent service in an attractive environment. The result is a loyal customer base growing mainly by word of mouth. The business can grow by opening for lunch on weekdays and increasing advertising.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
County: Galveston

Company Information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 9 PT

Financial Information

Asking Price: $200,000
Gross Revenue: $530,000
Cash Flow: $74,700
FF&E: $51,700
Seller Financing Available: Yes

Property Information

Facilities:

This 2500 sq ft restaurant is strategically located in an affluent suburb southeast of Houston.

Growth & expansion opportunities:

A buyer can increase revenues by increasing prices, adding services and increasing advertising.

Reason for selling:

With only a few years until retirement, the owner wants to transfer the restaurant to someone who can build on its excellent reputation with its customers and produce significant growth.

Support & Training:

Will train for 2 weeks @ no cost Wine and beer license required. The owner will work with the buyer until the new license is approved.

Contact Business Seller

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Business Listed By:

Bob Stephens

Murphy Business Brokers