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Vietnamese Cafe & Bar - Southwest Houston
This Vietnamese restaurant & bar is a popular after-work hangout spot, offering a friendly and knowledgeable staff, delicious food, plenty of TVs to watch the game, and karaoke. Customers have had great times and wonderful memories with their friends at this establishment. The restaurant is known for its good service, and all menu items are highly recommended. Open until 2 AM, it's the perfect place for those who want to enjoy late-night dining and drinks. This 3,700 sq. ft. facilities seats 95 and includes a large dining area, stage for karaoke entertainment, private party room, two vending game room, large bar, and fully equipped kitchen.
Listed By: Jeffrey Jones
Background information
Reference:
82558
Year established:
Acquired in 2021
Reason selling:
Want time off to travel.
Finance
Sales:
$600,000
Profits:
$204,236
Profit type:
Discretionary Earnings
Operations
Employees:
6
Inventory:
23,000
Furniture fixtures and equipment:
All included.
Premises
Square footage:
3700
Rent and lease terms:
$7,657 P/M gross rent. New 5 year lease available
Location:
Southwest Houston
Price and terms
Price:
$220,000
Down payment:
$100,000
Financing:
$100,000 cash down and Seller Note for $120,000 payable over 5 years at 6% interest = $2,319.94 P/M.
Training:
As needed