0 Fully Equipped Restaurant With Low Rent Ready For A New Owner! Tomball, TX 77375
This fully equipped 1,500 square foot Asian restaurant in Tomball, Texas, is available for $99,000. Located in Harris County, zip code 77375, this established business boasts a prime location with excellent visibility and accessibility. The lease, expiring October 31, 2024, includes CAMS, taxes, and insurance for a monthly cost of $1995. The restaurant features a fully outfitted kitchen with a walk-in cooler, multiple fryers, a large and dual wok station, three-compartment sink, dish machine, sandwich prep table, warming table, beverage cooler, vent hood, chest freezer, stainless tables, assorted smallware, plates, flatware, beverageware, cash register, trash receptacles, rice cooker, and microwave. The dining area comfortably seats 62 guests. While currently not profitable, this presents a unique opportunity for a new owner to capitalize on the existing infrastructure and prime location to build a thriving business. The seller is relocating, providing a chance to step into an operational restaurant immediately, avoiding the typical delays and expenses associated with start-up. Traditional SBA financing is unavailable, but unsecured lending options may be available for those with a credit score of 680 or higher. Inventory is not included in the asking price. The business currently employs four people. This is an asset sale, not a franchise. The address is confidential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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