Listing Number: 76931-523544
This is a combination business (restaurant) asset opportunity listed at $150,000 in addition to real estate for $1,650,000. Total opportunity listing price is $1,800,000.
This existing operating restaurant has been Asian themed at this location for 30 years before the current owner acquired from the prior retiring chef of over 30 years. Operating from a high visitation, highly sought-after area, the restaurant transitioned under a new name in the fall of 2021. New owner will be required to rebrand the restaurant name during an agreed upon timeframe, but the Asian concept, and restaurant popularity itself is proven.
This amazing piece or property includes the restaurant consisting of 4,704 SF, and an additional residential structure (1,350 SF) diagonally situated on the rear southwest portion of the lot. With the commercial building facing on over 150’ of frontage road, it includes a large, private parking lot, fully equipped kitchen with vent hoods, grease trap, 2 x 5 ton AC units and more. Encompassing .76 acres +/- this property has everything you need for the restaurant concept of your choice and more.
- Price: $ 1,800,000
- Down Payment: $1,800,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 1,000,000
- Location: Galveston County, Texas
- Inventory: $ 2,500
- FF&E: $ 100,000
- Employees: 11
- Year Established: 1980
- Reason for Selling: Divest
- Category: Restaurants