Houston Neighborhood Grill Restaurant w/Liquor License Seller Finance

Houston, TX (Harris County)

Seller Financing Available
Houston Neighborhood Grill Restaurant w/Liquor License Seller Finance

Asking Price:$160,000

Cash Flow:$80,199

Gross Revenue:$579,159

EBITDA:N/A

FF&E:$155,093

Inventory:$6,000

Established:2011

Houston Neighborhood Grill Restaurant w/Liquor License Seller Finance

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Business Description

This popular neighborhood restaurant in a Northwest suburb of Houston serves American cuisine (Burgers, Steaks, Seafood, Soups and Salads). It has well defined operating procedures, inventory and costing controls and an effective training program that the seller will pass on to the new buyer. Seating over 100 patrons and situated on a busy neighborhood corner. The owner changed the concept to American cuisine in early 2016 and has been very happy with the restaurant’s success in its first year under that concept. The restaurant has also enjoyed good press exposure. Financials shown previous to 2016 are from a different concept in same location. Food constitutes about 70% of revenues while liquor is about 30%. Good gross profit margins should remain if inventory/buying practices continue. Seller will train new buyer. Please refer to CBB Listing #7971MB

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3250sf facility in shopping center
Growth & Expansion:
Add catering; more marketing and open on Sundays
Financing:
Seller financing available to qualifed buyer
Support & Training:
Seller will train
Reason for Selling:
Retirement / Health

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Frank & Rose Stabler

Business Listed By:
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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