Profitable Fast Food BBQ in Downtown Houston

TRANSWORLD BUSINESS ADVISORS OF HOUSTON.LISTING REF# 76931-304242 This popular barbecue restaurant has been open for 28 years and offers an excellent opportunity for a buyer to get in at a low price as customers start to return to their nearby offices after the pandemic. It also offers very family-friendly hours for the owner and employees since it's only open Monday thru Friday 7am - 2:30pm, which means evenings and weekends off! There's no rushing great barbecue! This restaurant smokes its meats overnight for 18 hours. Their menu includes traditional favorites like brisket, ribs, chicken, pulled pork, sausage, and hamburgers. Side items include baked beans, potato salad, french fries, coleslaw, and more. They also offer a full salad bar and breakfast menu. The business for sale is located in an office building and offers dine-in, take-out, and delivery services. The business consists of 1,190 square feet with monthly lease costs of $3,438 including CAM. The lease has 2.5 years remaining plus one 5-yr option. This business was averaging about $650K-$700K in revenues and $150K-$200K in discretionary earnings before the pandemic started. Seller is estimating about $450K in sales and $110K in earnings for 2022. There are currently 3 employees (excluding the owner). The listing price includes FF&E of $75,000, Leasehold Improvements of $100,000, and Inventory of $5,000. The seller is wanting to retire. He will provide at least two weeks of training to the buyer in order to ensure a smooth transition. This location would be perfect for an owner-operator that enjoys working with people and prefers to have evenings and weekends off. There is a lot of potential to increase catering and delivery in the area to nearby businesses. Location: Houston, Texas Year Established: 1994 Number of Employees: 3 Real Estate: Leased Building Sq. Ft.: 1,190 Rent: $3,438.00 Per Month Lease Expiration: 7/30/2024