Indian Restaurant in business for 7+ yrs(Price Reduced for quick sale)

Houston, TX (Harris County)

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Asking Price: $99,000

Cash Flow: N/A

Gross Revenue: $400,000

EBITDA: $85,000

FF&E: $99,000

Inventory: $5,000

Rent: $1.39 /Month

Established: 2012

Indian Restaurant in business for 7+ yrs(Price Reduced for quick sale)

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Business Description

Price reduces from 150k which is recommended worth of business due to owner relocating soon. Fully equipped kitchen to handle large caterings.

· Great Location, less than 0.5 miles from major Highway and right on a very busy street seeing approximately 50,000 cars per day.
· Huge parking lot In a busy strip mall
· Private sign board on main street
· Surrounded by Residence communities as well as businesses

Why this can be a great opportunity for someone new in restaurant business
· Seasoned and trust worthy staff which has been with restaurant for years, staff may be retained depending on negotiation with new owners
· Business will be profitable from day one due to our steady clientele and years of reputation
· 4 star plus reviews on all online platforms makes us the top Indian restaurant in area
· Most preferred business for north Indian catering in Houston and Katy area
· Low rent $2,500 per month (includes water and AC Repairs)
· Passed Fire Marshall inspection and scored 100 on Health inspection.

Name will be disclosed after signing attached NDA, download from this page.

Attached Documents


Detailed Information

Location:
Houston, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
11/10/2022
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
- fully equipped kitchen, enough to handle large caterings · Great condition equipment including two big walking coolers(cooler and freezer), buffet setup (warmers and coolers), two tandoors and many more professional grade equipments · Great furniture, fine dine interior with great wall arts - Wine display wall and a small bar setup · New Clover system, Brand new Water heater, all new fire equipment, New 8 channel Camera system ++Many more assets
Competition:
Restaurant is on the busiest road in this area with very low competition for Indian/Pakistani restaurants, plus being in existence over 7 years with 4.5 star reviews, it is most preferred place for Indian food in 5 mile radius.
Growth & Expansion:
Very easy to increase the business by 50-60% by simply adding following: - Sign up for catering services (EZcater, fooda, etc) and add more online delivery partners - Add more chat options - Add south Indian options (many many south Indian households near by with no good restaurants) - We stopped Selling liquor, but we have full setup to serve it, new owner can easily add great profit by adding liquor sale.
Support & Training:
It will be great opportunity for someone new in restaurant business. Seller may provide one week training post sale for someone willing to run the business as is.
Reason for Selling:
Owner relocating
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Business Listed By:
Akki

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