Bar or Restaurant Opportunity in Central Houston

Listing Number: 76931-843724

Description

Asset sale. Located just west of downtown in trendy Washington Avenue area. Currently operating as a seafood grill with dinner and bar service Wednesday through Sunday. Restaurant is in excellent condition and has a clean and modern design. This is a turnkey opportunity to bring your own concept and save money on construction and equipment. Extra parking is available nearby and there are a lot of residents within walking distance of this location.
This restaurant has 2,115 sq ft, 50 seats, and is located in a busy area with excellent demographics, visibility, and traffic counts. There are over 3,500 multi-family units in the neighborhood and the area is very walkable. Lease expires in August 2028 and there is one 5-yr option period. The rent (including CAM) is currently $8,564 per month.
The listing price includes $50,000 in FF&E, $200,000 in leasehold improvements, and $4,000 in inventory. There are 7 employees including 1 manager on staff. The owner will provide 2 weeks of training to ensure a smooth transition.
The current owner is involved with multiple restaurants and doesn't have time to commit to this particular business.

Listing Details

• Price: ¥50,000
• Down Payment: $50,000
• Sellers Discretionary Earnings: ¥0
• Total Sales: ¥400,000
• Location: Harris County, Texas


• Inventory: ¥4,000
• FF&E: ¥50,000
• Employees: 8
• Reason for Selling: Other Business Interests
• Category: Restaurants,Liquor Related Biz