Bar or Restaurant Opportunity in Central Houston

Harris County, TX
listing image
Asking Price:$97,500
Inventory:$4,000
FF&E:$50,000
Gross Revenue:$400,000
Rent:$8,564
BUSINESS DESCRIPTION

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-843724

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.


DETAILED INFORMATION
Location
Harris County, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,115
Lease Expiration
01/08/2028
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: 1 Five-Year Option
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Other Business Interests
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Ron
Hankamer, Jr.
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Ron Hankamer, Jr.