Steak House & Bar - Galleria Area
This is a beautiful full service restaurant & bar serving certified kosher steaks, sea food, and delicious sushi. They also do a lot of corporate catering. The restaurant seats 120 plus people. They have a fully equipped kitchen with walk-in coolers and freezers, a large main dining room, and a full service bar. Lunch represents approximately 20% of the business, dinner 60%, and catering 20%. They frequently offer live entertainment on weekends and special events. The owner will train a new owner as needed. There is a general manager and a head chef who are capable of running the operation along with the 25 other employees.
The owner wants to pursue commercial real estate investments.
There are 28 employees including a general manager..
See list in file
$78,000 food and beveral
The business is located in a shopping center on a busy street. There is ample parking and good visibility. The restaurant has a full service bar and large dining room.
Rent and lease terms:
Base rent is $5,833.33 P/M. Gross rent with CAM is $7,586.33 P/M. Lease expires 9/30/23. There is one five year options to renew at $6,416.66 p/m. .
Price and terms
$100,000 cash down, Seller Note for $50,000 payable at 6% for 60 Months = $966.64 and a new SBA loan of $502,000 (10 Yrs, at 7% = $5,828.65 P/M)