Charming Waterfront Seafood Rest. in Coastal Town 90 Mi. From Houston

Houston, TX (Harris County)

Charming Waterfront Seafood Rest. in Coastal Town 90 Mi. From Houston

Asking Price:$549,000

Cash Flow:$157,656

Gross Revenue:$603,994





*not included in asking price.

Charming Waterfront Seafood Rest. in Coastal Town 90 Mi. From Houston

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Business Description

It’s all about location. – This charming seafood restaurant is situated in a harbor, which is a beautiful yacht basin, in a small Texas town. It has a scenic, tranquil and inviting view very close to the water. The business enjoys a long-term, anchor presence in the community with many loyal, repeat customers, some of whom arrive by yacht. In a fast-growing town surrounded by large industrial plants with very high employee counts, this restaurant has solid, consistent financial performance. It has very clean, simple books and records. There is very little direct competition in town. About 90% of sales comes from food and 10% from alcohol. The business has a full liquor license. It seats 116 (92 upstairs and 24 downstairs). Walk-ins provide about 30% of new business, the rest from word of mouth and referrals. Approximately 75- to 80% sales are on credit cards, the rest is cash. A new owner will enjoy the peaceful, small town life with easy access to Houston, which is only 90 miles away. The building, which is owned by the seller, is located on leased land. The building is priced separately from the business but must be sold with the business. Overall, the cost of occupancy is very low. There are excellent opportunities for expansion and growth. Please refer to CBB Listing #7906PT

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Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
2080sf freestanding facility on 10,000sf of land
Growth & Expansion:
Expand hours (currently only open 5 days/wk). Expand building to create an events venue, which is much needed in this growing town. Provide catering.
Support & Training:
Seller will train
Reason for Selling:
Other business interests require the owner's attention.

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Frank & Rose Stabler

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Frank & Rose Stabler

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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