Highly Profitable Landmark Restaurant in The Woodlands Area

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-764634 UPDATE to SDE: A shift in management payroll brings annual SDE up by $30,000+. This beloved family-run restaurant thrives in the same location it’s been in since they opened their doors 15 years ago. With a combination of American, South American, Cuban and other world cuisines, this amazing and highly popular restaurant is ready for its new owners. The restaurant boasts a large wine selection, full bar and a variety of delicious and fresh menu items and specials that are updated frequently. All menu items have recipes and systems in place for smooth and professional execution. This much-loved local restaurant has an exceptionally dedicated and loyal client base with regulars who’ve been coming in since the beginning and several employees who’ve been on board for upwards of 10 years. For 15 years, the restaurant has continued to grow and evolve with annual sales topping $2.3 million consistently, and that’s without being open on Sundays or for breakfast during the week. Sundays alone could add over $400,000 to the yearly revenue if the new owners set hours of 9:00 AM – 8:00 PM. With the assumption of a margin between 10-14%, adding Sundays could add between $40,000-56,000 to bottom line. The average SDE for 2018 and 2019 was $287,000 and even through Covid, the restaurant’s sales were over $1.7 million with an SDE of approx. $84,000. The to-go side of the business is still going strong even as the revenue bounces back to pre-pandemic levels. The current staff is well-trained and highly experienced and even in the current climate, the turnover rate is extremely low. The ownership, management and employees know many of the regular clientele on a first name basis. As a hands-on owner from the day one, the seller is excited to transition this special business to its next owner. Location: Montgomery County, Texas Number of Employees: 39 Real Estate: Leased Building Sq. Ft.: 4,400 Rent: $8,569.00 Per Month Lease Expiration: 1/31/2025 Facilities: Initially established in 2006, this restaurant started with serving breakfast and lunch and soon expanded to dinner service. In 2009, the current owner expanded into the space next door and added a bar/wine room and private room for bigger parties and events. With its quality ingredients and unique recipes, plus the consistent and stellar customer service, this restaurant quickly became a culinary destination of choice for local residents. As the area grew tremendously, so did the restaurant’s reputation and sales. Montgomery County, Texas and The Woodlands area specifically are some of the largest growing and most economically stable and successful areas in the entire state. Remodeled and updated a handful of times over the years, the aesthetics of the space are welcoming and open with the kitchen in full view. The recent addition of a full bar could add tremendously to the annual sales, and the restaurant has a long history of being a destination for quality wine service. Growth & Expansion: Opening on Sundays for breakfast through dinner could add a minimum of $400,000 to the annual revenue. In addition to Sundays, adding breakfast service during the week could add $800-1,000 in sales per day. With an added push for booking the private room (rehearsal dinners and the like), the new owners could add a good amount of revenue. The same can be said of hosting more wine dinners and tasting events, bourbon dinners and beer tastings, for example. The surrounding areas have grown exponentially since the restaurant first opened 15 years ago, and rapid, new development continues, both residential and commercial.