Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Unique Restaurant Concept Seeking Strategic Buyer For Sale

Houston, Texas, US
Asking Price:
$2,450,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,610,568 (USD)
Cash Flow:
$685,480 (USD)

Located in fast growing Houston suburbs are two highly profitable and unique full-service restaurants featuring over 50 varieties of craft beer on tap, a great wine selection and an artfully crafted food menu. According to the Brewers Association, retail sales of craft beer rose 7% in 2018, to $27.58 billion, representing a 24% share of the $114.2 billion U.S. beer market. The strengths of these businesses include: family-friendly casual ambiance, high quality American fare (such as pizza, wings, salads, sliders, wraps, and shareable appetizers), Five Star customer service, and the best selection of local and national craft beers in town! These popular neighborhood eateries have been serving hungry and thirsty patrons since 2017 and have established a strong “proof of concept” with a very strong regular customer base in order to begin a nationwide expansion. This concept is Very franchisable!

These restaurants are located in neighborhood strip centers and occupy an average of 2,400 sq. ft. and are designed with high end modern and industrial finishes such as tile, brick, rare woods, vintage light fixtures, flat screen tv's, and large outdoor patios. Free guest WIFI and USB charging stations are also provided for customer convenience. Both leases have very reasonable rental rates and have at least 7 years remaining plus two 5-year renewal option terms. The seller has immaculate books and detailed financial statements are available, including tax returns.

Per owner’s P&L, total sales are estimated at $2.6 million for 2019, with $685,000 in earnings. There is additional upside with a pending new food menu refresh. Included in the sale are $410,000 in FF&E, $640,000 in Leasehold Improvements, and $50,000 in Inventory. There are 3 managers and approximately 20 employees per location. The existing staff is well trained, experienced and knowledgeable. The owner will offer a minimum of 2 weeks of training and assistance during the transition. Additionally, proprietary recipes, training and operational manuals will be provided.

This is a great opportunity for a strategic buyer to take this concept nationwide either organically or through franchising. This entrepreneurial owner is ready to start working on his next successful business.

Business Operation

Reasons for selling:

Start Another Concept

Trading hours:

M-Th 11-11; F-S 11-12; Sun 11-10

Employees:
48
Years established:
2017

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$410,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Transworld Business Advisors of Houston. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here