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South Houston

  • Listing No.: 219-20605

  • Category: Food - Restaurant

Asking Price $1,800,000
Down Payment $800,000
Gross Revenue $1,293,242
Total Adjusted Net Income $314,075
Equipment / Fixtures $297,000
Year Established 2001
General Location South Houston
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This iconic and profitable Soul-Food Restaurant for Sale including catering is doing more than $1,000,000.00 in sales annually with owners discretionary income of more than $300,000.00. This turnkey operation is ready for hands on working owner to continue operations and grow the business. Top of the line equipment and fixtures await the new owner. There is a positive path of growth for this business.

Gross Revenue $1,293,242 Listed Price $1,800,000
Total Income $314,075 Down Payment $800,000
Base Rent Square Feet 4550
Total Rent Lease Expiration
Rent Deposit Lease Options
Inventory $20,000 Leasehold Improvements $70,000
Equipment / Fixtures $297,000 Other Assets
Full-Time Employees 5 Training Period 2 Weeks
Part-Time Employees 4 Special License Required Safe-Serve
Contract Staff Reason for Selling Owner is ready to retire.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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