Food Hall in Eastern Texas
Off-MarketHouston, TX
Food Hall
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$1,900,000
$500,000
26.3%
2024
Past 24h
Customers
Food vendors with capacity of 12 at a time that operate out of the food hall.
Customer Acquisition
The business has over 30,000 followers on Instagram and maintains an active social media presence. It also has approximately 1,000 positive reviews on Google with a 4.7 rating. Marketing efforts focus on word-of-mouth and leveraging the established brand reputation. The prime location in a busy area contributes significantly to brand visibility and vendor attraction.
Team
All bar and service staff are paid hourly with no salaried employees, minimizing fixed labor costs. Cleaning, maintenance, plumbing, and electrical work are all subcontracted out to external service providers.
Owner's Role
Three primary owners, with two having active involvement: one is an operations manager, and the other assists with operations and oversees marketing and sales.
Reason for Selling
The business is being considered for sale because the primary operations manager/owner experienced a health issue, which is impacting his ability to be actively involved.
Contracts
Two-year contracts with vendors, with an option to renew.
Real Estate
12,000 sq. ft. facility, three-level food hall on a 10-year lease with an additional 5-year extension option. The space features free parking in both the front and back, with garage parking available.
When Are You Looking to Sell
3-6 months
Licenses Required
Liquor license required to operate the bar.
Additional Notes
The business collects $38,000 monthly from 12–13 vendors renting spaces between $3,000 and $3,400 per month. Additional revenue comes from a 6% commission on vendor net sales, averaging $15,000 monthly. The business operates two internal bars, generating approximately $100,000 monthly in bar sales.
Business ID: 2081
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