Bar or Restaurant Opportunity in Central Houston
Asking Price: | $97,500 |
Inventory: | $4,000 |
FF&E: | $50,000 |
Gross Revenue: | $400,000 |
Rent: | $8,564 |
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.
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