Fine Dining Restaurant & Bar-GREAT LOCATION!

Houston, TX (Harris County)

Seller Financing Available
Fine Dining Restaurant & Bar-GREAT LOCATION!

Asking Price:$360,000

Cash Flow:$138,583

Gross Revenue:$1,481,174

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Rate/Sq. Ft.:$8,030.00

Established:2001

Fine Dining Restaurant & Bar-GREAT LOCATION!

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Business Description

A freestanding building offering Fine Dining, Bar and an Outside Patio. The cuisine is American with an Indian/European flair. Total square footage is approximately 4,614. The owner will sell the business with all assets for $390,000. He pays himself rent of approximately $8,000 per month triple net and proposes to charge a buyer the same. The business was established in 2001, but this building was built in 2006 for the purpose of this stunning restaurant. The cuisine could easily be changed to a Steak House or any type of cuisine, although, profitable now! Sales for year 2015 were nearly $1.5 million dollars. One full-time owner/operator could easily replace the current two owners, according to the seller. Presently offering a Valet Service with a total of 33 parking spaces. An additional space is leased for parking. Inside seating is approximately 124 inside and an additional 29 outside on the patio. Beautiful space in a GREAT AND BUSY LOCATION!

Attached Documents


Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
4,614
Lease Expiration:
N/A
Employees:
26- 17FT/9PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
A freestanding building offering Fine Dining, Bar and an Outside Patio. New building was built in 2006. Square Feet = 4,614/month - 3,192 Downstairs / 1,422 = Upstairs Present Rent = $8,030 Equipment (Approximately) $100,000 - Fair Market Value
Competition:
There presently is a Valet Service with a total of 34 parking spaces. An additional space is leased for parking. Inside seating is approximately 124 inside and an additional 29 outside on the patio. Beautiful space in a GREAT AND BUSY LOCATION!
Financing:
210000
Support & Training:
Available
Reason for Selling:
Retirement
Business Website:
http://www.dellingco.com

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Dominick Caravella

Business Listed By:
Dominick Caravella

Del Lingco International Business Broker

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