Turnkey Restaurant And Banquet Facility

Listing Number: 76931-809400

Description

This decades-old, well-established restaurant and banquet facility presents a rare opportunity for buyers looking to own a thriving business with a strong legacy in Northwest Houston. Operating successfully since 1977, this iconic dining establishment has built a reputation for delivering a high-quality dining experience that blends American and Continental cuisine, attracting both locals and visitors alike.
Key Highlights:
• Legacy Business: Over 40 years of operation, building a loyal customer base and excellent community reputation.
• Prime Location: Located in the bustling Northwest Houston area, the restaurant benefits from high visibility and foot traffic, ensuring consistent patronage. They are located in a 4698 Square feet space with extensive build out/ leasehold improvement.
• Diverse Dining Options: Offers a diverse, enticing menu of American cuisine with a Continental flair, catering to a wide range of tastes and occasions. Seasoned long term Chef and Manager in place.
• Banquet & Event Space: The facility includes a private banquet room with a capacity of 77 people, perfect for weddings, corporate events, private parties, and more. The restaurant is a go-to choice for hosting important celebrations and gatherings, offering customizable menus and excellent service.
• Spacious Premises: Occupying 4,698 square feet of space with a reasonable rent of $5,828/month, the business is designed for both an intimate dining atmosphere and larger, private events.
• Skilled Workforce: The business currently operates with a team of six employees, including two managers, and bartender, ensuring smooth day-to-day operations.
• Catering Services: In addition to in-house dining, the restaurant offers catering services for a wide array of special events. Current oner has scaled back on banquets and catering due to health. A new owner can recapture the demand and enhance the revenue streams.
With its established name, excellent customer loyalty, and diverse service offerings, this restaurant and banquet facility is a fantastic acquisition for a buyer interested in entering the Houston restaurant scene or expanding their current portfolio. The combination of a legacy brand, event-hosting capabilities, and prime location sets the business up for continued success and future growth opportunities. The owner is ready to retire and due to health issues, would like to pass the baton to a new generation to continue the legacy.

Listing Details

• Price: $375,000
• Down Payment: $375,000
• Sellers Discretionary Earnings: $53,613
• Total Sales: $651,869
• Location: Harris County, Texas


• Inventory: $2,000
• FF&E: $200,000
• Employees: 8
• Year Established: 1977
• Reason for Selling: Retirement
• Category: Restaurants