Iconic Restaurant in Coastal South Houston Community

Houston, TX (Harris County)

Iconic Restaurant in Coastal South Houston Community

Asking Price:$600,000

Cash Flow:$234,493

Gross Revenue:$1,280,759

EBITDA:N/A

FF&E:$884,000

Inventory:$14,000*

Established:2004

*not included in asking price.

Iconic Restaurant in Coastal South Houston Community

Get Financing Save Print Share Valuation Report

Business Description

This charming restaurant has become an icon in its prominent coastal community. The owner, with 40+ years of restaurant experience, has created a finely tuned process that has proven successful with positive profit in every economic cycle over the last 12 years. The specifically crafted menu, including multiple signature dishes, ranges from Angus steaks and exquisite seafood to Cuban sandwiches and American hamburgers. The dining room (seating 128) offers intimate leather booths, the festive patio (seating 60) provides outdoor dining and a separate room (accommodating up to 30) allows private group dining. The full bar (seating 15) offers an extensive selection of mixed drinks and an enticing selection of wine and beer. The buyer will benefit from recently revamped signs and logo, fresh paint, new carpet, new a/c units, refurbished bathrooms ($30k), a complex web based video system (for monitoring off premises via cell phone) and a POS computer system that has replacement warranties for new computers as they age. This casual yet upscale restaurant (total seating 233), has everything in place for a buyer to step into a successful, smooth running operation. Please refer to CBB Listing #7948AC

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Employees:
20ft; 5pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5330sf facility in strip center
Growth & Expansion:
Open on Sunday; catering; additional advertising; special events
Support & Training:
Seller will train
Reason for Selling:
Owner to retire

Listing Statistics for Premium Members

Ad#:1275014 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Frank & Rose Stabler

Business Listed By:
Frank & Rose Stabler

Certified Business Brokers

Show Phone Number

View My Listings

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.

Find out more...

Get more details about this business.


Similar Listings


Pancheros Mexican Grill

Franchise Opportunity
Capital Required: $404,325