Modern and Well Built Vietnamese Restaurant in Katy

Katy, TX

Seller Financing Available

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Asking Price:$154,900
Established Year:2021
ASSET SALES DESCRIPTION

This business is located in a strip center facing a busy street, surrounded by residential neighborhoods, many apartments complexes, Kroger, HEB, and Lowes' in Southwest of Cinco Ranch.
This is an asset sale. There is definitely good sale and good volume; it only lacks good marketing and the seller lives too far to manage (East Houston). Without proper marketing effort, currently there is negative revenue but sales has gotten better over time.
Build out construction cost alone can be more than $250K in current market.
Current menu and marketing plan are limited so there is lots of room for potential growth with the right strategies.
Total space is 1,540sqft, current rent is $3978.33 + NNN, lease has 3 remaining years with an option to renew for 5 more years. Landlord pays for water.
Suitable for buyers with prior restaurant management experiences or family looking to open a Vietnamese/Pho restaurant.
NO SBA Loan

Please fill out the required NDA and upload your Proof of Fund here (copy and paste the link in your browser)
https://form.jotform.com/241825306575055


DETAILED INFORMATION
Location
Katy, TX
Facilities
Equipment is 3 years old, clean, great conditions The sale includes shaking and sealing machines to make drinks, freezer, cooler, etc. We have a video of all equipment in kitchen.
Financing
It depends on the buyer's background. Term and rate varies.
Support & Training
Staff will provide training to buyers 2 months after closing..Training time can be flexible.
Reason for Selling
Seller is inexperienced, lives too far from restaurant, and has no time to manag

BUSINESS LOCATION
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Trinh
Nguyen
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Trinh Nguyen