Drive-In Restaurant NE Houston Suburb + Seller Financing

Houston, TX (Harris County)

Seller Financing Available
Drive-In Restaurant NE Houston Suburb  + Seller Financing
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Asking Price: $25,000

Cash Flow: $10,008

Gross Revenue: $315,940

EBITDA: N/A

FF&E: $100,500

Inventory: $4,500

Real Estate: $350,000

Established: 1966

Drive-In Restaurant NE Houston Suburb + Seller Financing

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Business Description

Classic drive-in restaurant in northeast Houston, inside the beltway, sits on 6 tracts of land directly across from a new Elementary school that opened in August. Unlimited possibilities exist with this 55,000 SF parcel. Perfect site for building anything from a strip mall to a day care center in an area that is rapidly being renovated. This legendary restaurant is in a freestanding facility (2,215 SF) with a drive-through, walk up window, and inside seating for over 40 customers, with new air conditioning and updated kitchen. It is currently being operated by the manager on behalf of the seller who owns several other businesses in other locations. The restaurant business is just above break-even and profitability can be quickly increased with a new owner present. The city updated the sewer system which can accommodate an increased number of people in this location. CHECK OUT THIS GREAT DEAL TODAY! Please refer to CBB Listing #8101

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,214
Employees:
6ft
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2215sf freestanding facility on 55710sf of land (6 lots)
Growth & Expansion:
Open Sundays. Advertise. Build shopping center on adjacent land.
Financing:
Seller financing available for qualified buyer
Support & Training:
Seller will train
Reason for Selling:
Originally purchased the restaurant for his son who now owns another business
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(from currently available funds)
 
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Frank & Rose Stabler

Business Listed By:
Rose Stabler

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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