Houston Restaurant And Lounge For Sale -Owner Benefit Of Over $350K Houston, TX 77063
- Retail properties
- 5,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Houston Restaurant And Lounge For Sale -Owner Benefit Of Over $350K
- Year built
- 2019
- Property size
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 5,000-square-foot Houston restaurant and lounge, built in 2019, is a turnkey operation available for $1,100,000. The lease expires April 29, 2026, with a monthly rate of $15,562. The business boasts a fully equipped kitchen including a three-compartment sink, dish machine, salamander, six-burner stove and oven combo, two-burner stove, flat top grill, warming drawers, three fryers, convection oven, sandwich prep table, walk-in cooler, walk-in freezer, wire shelving, and a tankless water heater. The current owner reports a gross revenue of $1,902,052 and a cash flow of $263,687, exceeding $300,000 in owner benefit. The business currently operates evenings only, presenting an opportunity to expand hours and increase revenue. The menu can also be expanded to further boost sales. Thirteen employees are currently on staff. A full liquor license is included in the sale. The seller is motivated due to pursuing a new career. This is a highly profitable business in a prime location with significant growth potential. Financing may be available.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.525
- Latitude
- 29.7375
