Pizza & Wings, Diner Style Restaurant for sale in Katy, Texas for $125,000! Asset Sale! Located in an established plaza, in an end-cap unit with a neighboring Kroger as the anchor store. Restaurant has been built-out to accommodate and operate as a pizza and wings restaurant. This build out cost an estimated $400,000. Includes all kitchen equipment and restaurant fixtures. Move in ready for those who want to launch their business model. Seats 130 inside and 16 outside. Great location!
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
This is an asset sale. Great opportunity for someone looking to venture into a similar business. The space has been built out to accommodate and operate as a Pizza & Wings Restaurant.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance. Expenses are estimated to be $233,000 per year.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 5 years at $7,830 per month. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
This restaurant is located in Katy, Texas. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: 4 Frymaster fryers, ice machine, ice bin, oil cleaner, 3 compartment sink, 3 hand sinks, prep sink, grease hood, pizza hood, flat top grill, pizza table, 2 ovens, back bar refrigerated storage, shelving, storage containers, 4 work tables, pots pans, pizza disks, utensils, chairs, bar stools, build out and more.
What is the size and how many customers can this restaurant seat?
The restaurant is a corner unit, 4000 sq.ft and can seat 130 inside and 16 outside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a beer and wine license included with this sale.
Does this restaurant offer drive-thru or delivery service?
The restaurant currently offers a delivery service but there is no drive-thru.
How long has the seller owned the restaurant?
Seller has owned this restaurant location for 1.5 years.
Why is the owner selling?
Seller owns multiple locations and is downsizing.
What are the hours of operation?
This restaurant is currently operated from 11am to 10pm Sunday through Thursday and 11am to 11pm on Friday and Saturday.
What type of neighboring business are in the area?
This plaza has a Kroger as the anchor store as well as a chinese restarant, burger fast food restaurant, a church and many more retail stores!
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Located in a busy, established plaza with a neighboring Kroger. Restaurant has been extensively built-out to accommodate and operate as a Pizza & Wings, Diner Style Restaurant. Priced to sell at $125,000 with all equipment included! For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.