This midtown 2,600 sq. ft. cafe & bar sets 152
customers with a full-service kitchen and dining
room. They also have an outside patio area that
has a direct view of the intersection of two busy
streets. The current menu is Chinese dishes, but
can be converted to most any menu type. The
Midtown area is home to many high end
restaurants and bars serving the many condos,
apartments, and commercial businesses between
downtown and the Galleria. The semi-absentee
owner does not have time to properly manage
this business and is willing to sell with Seller
Financing.
- Asking Price:
- $75,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $840,000
- Cash Flow:
- Under $50K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease expires 5/25, but has 2 options to renew.
- Leasehold Rent:
-
$104,000 per annum
- Location:
-
Midtown
- Size in square feet:
- 2,600
Business Operation
- Reasons for selling:
-
Semiabsentee owner does not have time to manage the business.
- Trading hours:
-
11:30 AM to 9:30 PM 7 Days Per Week
- Employees:
- 12
- Years established:
- 2022
Other Information
- Support & training:
-
As needed
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$30,000 cash down and Seller Note for $45,000 at 6% for 3 Yrs. - $1,388.00 P/M.
- Furniture / Fixtures value:
- $71,000 - included in the asking price
- Inventory / Stock value:
- $3,000 - included in the asking price
