Listing Number: 76931-426503
Description
This award-winning restaurant is in the booming Houston market is ready for a new owner and is completely turnkey! Sales for 2023 are trending at $2MM gross earnings for an owner-operator of $180K SDE. The restaurant is a cornerstone in the Houston community. It has been recognized for its outstanding Asian cuisine known for its modern interpretation of classic dishes and its insistence on using only high-quality fresh ingredients.
Established in 2020 this restaurant for sale currently has 3 full-time and 21 part-time employees. This 2,000 square foot space has an all-in rent of $10,000 per month including CAMs and it is valid through March 2026 with an additional five-year option on the lease. Additionally, this location has been recently upgraded and is fully equipped as a turnkey operation.
With seating for fifty inside and plenty of parking outside this business is set up for success. Operating hours are daily from 11 am – 9 pm. This store comes turn-key and fully equipped, with walk-in freezer, prep tables, coolers, seats, tables, smallware, POS system, and much more. Plus, increasing catering orders mean increasing the current phenomenal sales.
The benefits of buying an existing award-winning modern Vietnamese cuisine restaurant for sale like this one includes support and training of a major brand. This includes 6-8 weeks of training directly from the creator chef itself, along with ongoing support for bar training. Training is included in the listing price.
Listing Details
- Price: $ 450,000
- Down Payment: $450,000
- Sellers Discretionary Earnings: $ 213,810
- Total Sales: $ 2,659,561
- Location: Harris County, Texas
- Inventory: $ 0
- FF&E: $ 205,000
- Employees: 24
- Year Established: 2020
- Reason for Selling: New business focus
- Category: Restaurants
