Business Summary:
This is a waterfront bar and grill restaurant located on scenic Galveston Bay in the greater Houston, Texas area. The restaurant has a large menu for breakfast through dinner serving seafood entrees as well as burgers and a variety of sandwiches. They also have a full bar serving wine, beer and liquor. With its scenic coastal locale it is a popular destination for the upscale, 'professional' biker crowd and the Jimmy Buffet 'Parrot Head' culture, but also draws a strong following from the local community and hosts Texas Hold-Em Poker six nights a week.
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| Year
Business was Established: 1998 |
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| Number of Employees:
FT:19 / PT: 13 |
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| Facilities / Terms of Lease:
The restaurant operates out of a standalone commercial restaurant building on waterfront property overlooking scenic Galveston Bay. There is ample parking for patrons and an employee/overflow lot nearby as well. The real estate is owned by the sellers and is available for sale or lease to the buyers of the business. |
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| Potential
Growth/Expansion:
The restaurant has a track record of drawing from a diverse customer base so the possibility of continuing to expand and support a wider base of customers or pulling more from the current set exists. |
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| Competition:
There are some other local restaurants in the area, but competition is somewhat limited for restaurants with both the destination quality that also draws strong support from the local residents. |
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| Owner
willing to finance:
Down Payment: $556,000. $139,000 x 120 @ 7%. |
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| Owner
willing to train:
8 Weeks / $16,000 Cost |
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| Reason for selling:
Retirement |
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Seller Reference Number: 6201-7288
BusinessMart.com Listing Number: 108832 |
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