Restaurant-Bar & Grill – Champions Area. Seller Financing up to 50%.

Houston, TX

Seller Financing Available

Three Glasses.
Asking Price:$495,000
Gross Revenue:$985,000
Rent:$6,000/Month
Established Year:2023
Cash Flow:$200,000
Inventory:$25,000
FF&E:$335,000
BUSINESS DESCRIPTION

Upscale restaurant and bar in an area with affluent demographics. The restaurant features American cuisine with a wide variety of items, plus a full service bar. Breakfast is served every day plus large Country Brunch on weekends. The restaurant was designed by an experienced restaurant operator. More importantly, great efforts were invested in the menu, Operations Manual, procedures, supplier contacts and employee training. The restaurant has consistently received high reviews. The restaurant looks like a national chain restaurant and could serve as a prototype for a chain of restaurants. The large, fully
equipped, state-of-the-art commercial kitchen can handle a variety of orders at the same time. Seller will consider financing with a minimum of 50% down provided Buyer is qualifed. See attached Executive Overview.


ATTACHED DOCUMENTS
Executive Overview.pdf Download
Confidentiality Agreement.pdf Download

DETAILED INFORMATION
Location
Houston, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,840
Lease Expiration
01/01/2029
Employees
25
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Hours of Operation: Monday through Thursday: 7:00 am to 9:00 pm Hours of Operation: Fri: 7 am to 10 pm, - Sat: 8:00 am to 10:00 pm - Sun: 8 am to 7 pm Lease: 5 year lease with a 5 year option. Size: 5,840 sq. ft. Employees: 25
Competition
The restaurant has an exclusive for this type of restaurant in the retail strip.
Growth & Expansion
The area is experiencing dynamic retail and residential growth.
Financing
Seller will finance a portion for a qualified buyer.
Support & Training
Seller will provide an adequant amount of training. All employees are well trained and all want to stay.
Reason for Selling
Seller owns several businesses and does not have the time to devote to this busi
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William
Russell
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William Russell