Upscale Restaurant in an Active Growth Area

, Texas 15 views 0 favorites

Financial Highlights
Asking Price
$200,000
Revenue
$600,000
Business Description

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #: 76931-287063 A one of a kind restaurant featuring upscale finish-out materials that provide an atmosphere normally found in a downtown setting. This popular Steakhouse meets all the requirements for being an "upscale" spot for local patrons. Location is in a growing area of Montgomery County and surrounded by residents with plenty of disposable income for eating out. The restaurant opened in May of 2019 and area clients provided revenues of around $600K during its first 8 months. 2020 revenues were down approximately 30% due to area shutdowns, etc. The current year is progressing and owners will begin offering a lunch menu in September. Preparations are underway for a busy 4th quarter active with Holiday parties. The owners transformed this 3,500 square foot facility into a "classy" dining atmosphere. Their investment included $200K of Leasehold Improvements and $100K upgrades to Furniture, Fixtures, and Equipment. Interior features include custom designs from the floor to the ceiling! This is a must-see for its fine dining motif; complete with a full bar. Owners are moving on to another project and time constraints with this location are interfering with plans. Location: Montgomery County, Texas Number of Employees: 10 Real Estate: Leased Building Sq. Ft.: 3,500 Rent: $5,200.00 Per Month

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 18, 2022

Updated: 5 hours ago

Views: 15

Favorites: 0