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Fully Operating Successful Second Gen Restaurant For Sale

Sugar Land, TX
listing image
Asking Price:$375,000
Gross Revenue:$785,959
Rent:$9,900/Month
Established Year:2020
Cash Flow:$187,992
Inventory:$10,000
FF&E:$305,444
Listing ID: 2300782Listing provided by BizBuySell
BUSINESS DESCRIPTION

We are pleased to offer for sale a 2nd Gen full operating restaurant in Sugar Land TX located in the Riverstone subdivision near the corner of LJ Parkway and University Blvd.
Subject to Landlord approval, Franchisee is to assume lease of 2965 sqft end-cap of commercial real estate in the Riverstone Shopping Center. Restaurant is being offered as-is with no implied or express warranties or guarantees. Thid offer includes the following Build- Out and Equipment in the bill of sale:
1.1: Complete commercial kitchen with a hot line, cold-line, prep area, dishwasher, walk-in refrigerator, vent hood, all cooking equipment, smallware, plates and utensils, and plumb-in to the Landlord's grease trap,
1.2: Fully furnished dining room with customer restrooms, HVAC, Lighting, POS, sound system, alarm system, TVs, bar stools, and tables & chairs
1.3: Fully functional bar with an 8 tap kegerator, Margarita Machines and undercounter reach-in refrigerator

DETAILED INFORMATION
Location
Sugar Land, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,965
Lease Expiration
30/09/2025
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fully built out, beautiful restaurant. Original Build out was $305,444 in total including FF&E Restaurant Lease commenced on 10/01/2020 for its first 5 year term which will expire on 09/30/2025. Annual rent is fixed for the remainder of the lease term and is $30 per sq ft. with $10 in CAM. At the end of this term under the current Lease, owner has three options to extend the lease for an additional 5 year terms up to 15 years if all options are exercised.
Competition
Great market segment, always consistent demand and a business model that has worked now for over a decade in five different restaurant locations in the Area. Grab N Go is a household name in the area and brings great qualify food product at a reasonable price point for families and friends. Excellent menu, excellent reviews and a fully operational, streamlined business ready for a new owner to step in and manage. For more information, contact Chris Conner with FMS.
Growth & Expansion
Opportunity to buy more existing locations or open new restaurants. The current owner is focused on growth and expanding the brand throughout Texas. The opportunity is there to scale the model with the Grab N Go brand and work with the current owner and have multi-unit growth. Big upside for catering and off-premise business at this location as well.
Support & Training
Owner will provide full, comprehensive onsite support and training for new owner. Current owner lives in area and operates 5 locations of the brand and is looking to open more restaurants, but will support new owner in every aspect of opening, operating, marketing and managing the business.
Reason for Selling
Focused on additional growth of the brand
Franchise
This business is an established franchise
BUSINESS LOCATION
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Chris Conner
Phone Number
Chris Conner
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