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Upscale Restaurant in an Active Growth Area

Listing Number: 76931-287063

Description

A one of a kind restaurant featuring upscale finish-out materials that provide an atmosphere normally found in a downtown setting. This popular Steakhouse meets all the requirements for being an "upscale" spot for local patrons. Location is in a growing area of Montgomery County and surrounded by residents with plenty of disposable income for eating out.

The restaurant opened in May of 2019 and area clients provided revenues of around $600K during its first 8 months. 2020 revenues were down approximately 30% due to area shutdowns, etc. The current year is progressing and owners will begin offering a lunch menu in September. Preparations are underway for a busy 4th quarter active with Holiday parties.

The owners transformed this 3,500 square foot facility into a "classy" dining atmosphere. Their investment included $200K of Leasehold Improvements and $100K upgrades to Furniture, Fixtures, and Equipment. Interior features include custom designs from the floor to the ceiling!

This is a must-see for its fine dining motif; complete with a full bar. Owners are moving on to another project and time constraints with this location are interfering with plans.

Listing Details

  • Price: $ 200,000
  • Down Payment: $200,000
  • Sellers Discretionary Earnings: $ 0
  • Total Sales: $ 600,000
  • Location: Montgomery County, Texas

  • Inventory: $ 10,000
  • FF&E: $ 100,000
  • Employees: 10
  • Reason for Selling: Other Business Interests
  • Category: Restaurants
Upscale Restaurant in an Active Growth Area

Business Listed By:

Bo Hudson
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