BBQ Restaurant w/Assumable SBA Loan
Location: Texas > Harris County > Houston area
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $1,500,000
Gross Revenue: $1,000,000
Cash Flow: $219,700
Inventory: $7,000 (Included in Asking Price)
FF&E: $210,000 (Included in Asking Price)
Real Estate: $100,000 (Included in Asking Price)
Business Summary
Good Food! Clean & Inviting Atmosphere! Friendly Service! Fresh Curb Appeal! Great Location on Major Thoroughfare! And, of course, a Real Barbecue Pit! Wow! It's a Terrific BBQ place! Interior is clean & up-to-date w/modern equipment yet decorated in a customer friendly western style. Building is new w/a western contemporary look, compatible signage & plenty of access parking. Service concept is cafeteria style w/plenty of space to handle mealtime crowds. There is also a Drive Thru window & good traffic flow. Clearly an Outstanding Opportunity in the Greater Clear Lake Area. Business is 85% restaurant & 15% catering, & opportunity to grow in both areas. Owner is retiring, but will assist in providing a smooth transition. Assume existing SBA Loan! Please refer to CBB Listing #6905DA
About the Business
Year Established: 2005
Employees: 7 full time - 7 part time
Facilities: 5,000SF facility on 1.2 acres of land.
Market Outlook and Competition: 1. Build a website.
2. Do more catering.
3. Expand advertising.
About the Sale
Reason For Selling: Retirement
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