Bar Or Restaurant Opportunity In Central Houston

Business Overview:

Asset sale. Located just west of downtown in trendy Washington Avenue area. Currently operating as a seafood grill with dinner and bar service Wednesday through Sunday. Restaurant is in excellent condition and has a clean and modern design. This is a turnkey opportunity to bring your own concept and save money on construction and equipment. Extra parking is available nearby and there are a lot of residents within walking distance of this location.

This restaurant has 2,115 sq ft, 50 seats, and is located in a busy area with excellent demographics, visibility, and traffic counts. There are over 3,500 multi-family units in the neighborhood and the area is very walkable. Lease expires in August 2028 and there is one 5-yr option period. The rent (including CAM) is currently $8,564 per month.

The listing price includes $50,000 in FF&E, $200,000 in leasehold improvements, and $4,000 in inventory. There are 7 employees including 1 manager on staff. The owner will provide 2 weeks of training to ensure a smooth transition.

The current owner is involved with multiple restaurants and doesn't have time to commit to this particular business.

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Property Features and Assets:

Monthly Rent: $8,564.00

Square Units (Foot, Meter): 2,115

Lease Expiration Date: August 1, 2028, 1:00:00 AM

Terms Options: 1 Five-Year Option

Reason for Selling:

Additional Details:

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