Listing Number: 76931-336253
Priced to sell! Popular franchise on a high traffic street in west Houston. This is a seasonal business with 75% of sales occurring during November and December.
This franchise brand started in Houston in 1984 and offers specialty meats and lunch options at its various outlets in Texas, Louisiana, and Mississippi. During the holidays customers are literally lined up "out the door" to purchase these popular gourmet meats. Products include hickory smoked hams, turkeys, beef briskets, filet mignons, and more.
The restaurant for sale was established in the area in 1984, is located in a strip center, and offers dine in, take out, delivery, and catering services. The business consists of 5,805 square feet, has a large commercial kitchen, and can seat up to 60 customers. No early mornings or late nights. Typical business hours are Monday thru Friday 10AM - 6PM.
This business is profitable and currently has 4 employees including a full time manager (owners are absentee). Per seller's tax return, sales in 2019 were $1.16 million with $170,750 in seller discretionary earnings. The listing price includes FF&E & Leasehold Improvements of $600,000, and Inventory of $70,000. The sellers own multiple businesses and don't have enough time to dedicate to this restaurant. The seller will provide two weeks of training in addition to the training provided by franchisor.
This location would be perfect for an owner-operator or absentee owner that enjoys working with people and is looking to expand. There is a lot of potential to increase catering and delivery in the area to nearby homes and businesses. Also, there is an opportunity to increase the holiday business by hiring additional personnel for telemarketing and online advertising in order to target more corporate clients. If you're interested in multiple units there are franchise territories still available in Houston.
- Price: $150,000
- Down Payment: $150,000
- Sellers Discretionary Earnings: $170,751
- Total Sales: $1,159,886
- Location: Harris County, Texas
- Inventory: $70,000
- FF&E: $60,000
- Employees: 4
- Year Established: 1984
- Reason for Selling: Other Business Interests
- Category: Restaurants