Mediterranean Grill & Hookah Bar
Great place to eat, smoke and visit. This Mediterranean restaurant and hookah bar serves a large variety of Mediterranean dishes, appetizers, side dishes, soups, salads, and sandwiches. Food sales represent approximately 60% of total sales, while hookah represents 40%. They do not serve liquor, but do allow BYOB. The facilities includes a large dining area, fully equipped kitchen, and an outside patio area. This business operates as an after hours operation being open from 12 AM to 9 AM 7 days per week.
Listed By: Jeffrey Jones
Background information
Reference:
82486
Year established:
2019
Reason selling:
Burn out. Wants to invest in commercial real estate.
Finance
Sales:
$1,140,000
Profits:
$425,452
Profit type:
Discretionary Earnings
Operations
Employees:
Includes a manager, 2 kitchen staff and 2 Hookah servers.
Equipment:
See list in file
Inventory:
$3,000 food & beverage
Premises
Facility:
Large dining room, fully equipped kitchen, and outside patio area.
Square footage:
2800
Rent and lease terms:
One year left on five year lease with 2 5 year options.
Location:
Southwest Houston
Price and terms
Price:
$450,000
Down payment:
$180,000
Financing:
$180,000 cash down, and Seller Note for $270,000 payable over 5 years at 6% interest = $5,219.86 P/M
Training:
As needed