Listing Number: 76931-521380
Priced at less than asset value for a quick sale. Owner would like to retire and spend more time with family. This business has a lot of potential. However, it needs an owner-operator with food experience to get it back on track. It opened 15 years ago in the same location about 20 minutes east of downtown Houston. They specialize in pizza takeout and delivery but also serve seafood, pasta, and subs at very reasonable prices.
Sales are currently trending about $16,000 per month and seller's discretionary earnings are about $2,500 per month. Rent is about $3,000 per month for 2,500 sq ft. There are 2 years left on the lease plus an option term. The FF&E is valued at approximately $70,000 and Leasehold Improvements $40,000. The restaurant is clean and in good condition. The current owner doesn't do any advertising.
Great opportunity to fix and flip or hold for the long term. The seller will train buyer for 2 weeks in order to ensure a smooth transition.
- Price: $49,000
- Down Payment: $49,000
- Sellers Discretionary Earnings: $30,000
- Total Sales: $192,000
- Location: Harris County, Texas
- Inventory: $3,500
- FF&E: $70,000
- Employees: 2
- Year Established: 2004
- Reason for Selling: Retirement
- Category: Restaurants