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#5926
Houston Restaurants For Sale

South Indian Restaurant In Business District Of Houston

$200,000
South Indian Restaurant In Business District Of Houston
This Listing is Expired

The business is currently a South Indian restaurant. Prior to this, it was a Japanese restaurant for over 10 years. Sellers feel the buyer could easily converted it to any type of restaurant, in particular, it is set up great for a buffet style restaurant and is totally turn key, ready for a new buyer to convert it to any type of restaurant. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use this ad's email reply. Listing #101-20528

This is a Trent Lee, LLC listing.
Trent Lee DRE License #S.0183611

Lease

Region:
Houston Restaurants For Sale
Lease Term:
Lease ends 10/2022 with one 5 year lease option.
Total Monthly Rent:
$10,320

Financials

Last Year's Annual Gross:
$751,538

Operations

# of Full-Time Employees:
4
# of Part-Time Employees:
1
Year Established:
2019

Facilities

Inside Sq. Ft.:
4,800

Highlights

  • South Indian Restaurant
  • Can be converted to any type of restaurant
  • Buffet style restaurant and is totally turn key
  • Experienced and dedicated staff will all be willing to stay

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 59,275 149,594 288,617
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 24,376 56,951 102,790
2010 Persons Per Household 2.13 2.33 2.50
Median House Value $208,900 $203,700 $184,502
Income Per Household $59,958 $64,134 $57,859
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,276 3,581 7,360
2012 Number Of Employees 46,440 151,484 349,792
2012 Total Annual Payroll $1,742,844,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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