Business Overview

Enjoy bringing people together? Dreaming of your own restaurant full of opportunity? Welcome to a place like no other in Houston! This immaculate café provides inside seating for 58 guests and includes a lovely private room for parties and meetings. Partially covered outside seating can accommodate an additional 28 patrons at any time. A fully equipped kitchen supports a daily lunch menu and the current TABC license allows for wine and beer offerings.

Current revenues are back to pre-Covid levels and poised to take off to the next level.

Contact Ron Spolane with Sunbelt Business Brokers at 713-854-3481 for more information.

Financial

  • Asking Price: $320,000
  • Cash Flow: $112,000
  • Gross Revenue: $442,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Multi-tenant building leasing 1,800 SF space for $3,700 per month.

Is Support & Training Included:

The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.

Purpose For Selling:

Owner is ready for retirement.

Opportunities and Growth:

Expanded business days and hours could be an easy decision to quickly increase sales. Current owner's schedule was not conducive to extending hours. Hiring a Manager would be another option! Excellent social media advertising is already in place.

Additional Info

The business was founded in 2013, making the business 9 years old.

The business has 1 FTE / 8 PTE employees and is situated in a building with approx. square footage of 1,800 sq ft.
The real estate is leased by the business for $3,700 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 absolutely different things. As an example, they might claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a range of various other reasons. This is why it is extremely crucial that you not rely absolutely on a vendor's word, however instead, utilize the seller's response along with your general due diligence. This will repaint a more sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new clients? Many times, operating businesses have repeat clients, which create the core of their everyday earnings. Certain variables such as new competitors growing up around the location, road construction, and staff turn over can affect repeat customers as well as adversely affect future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the edge of town? How might the neighborhood typical home income impact future revenue prospects?