Listing Number: 76931-588455
Description
This is an exceptional opportunity to acquire a premier dining and retail concept located in the prestigious Houston Galleria Mall, one of the most iconic shopping and entertainment destinations in Texas. The business operates under the Sugar Factory brand, a globally recognized name with a growing presence in hotspots around the country and world.
Asking Price: $500,000 with up to 50% Seller Financing Available
Rent: A coveted percentage-based lease—8%, no base rent or NNN
Brand: There’s nothing like this business in the Houston area and the brand itself is exploding.
Key Highlights
1. Prime Location: Situated in the Houston Galleria Mall, this location benefits from high foot traffic and visibility, attracting both local and tourist clientele.
2. Turnkey Operation: The buildout, completed in late 2024, features over $2,000,000 in leasehold improvements and FF&E (furniture, fixtures, and equipment). The space is modern, vibrant, and fully equipped for continued operations.
3. Attractive Lease Terms: The lease is structured as a flat 8% of revenues, with no base rent or NNN fees. This unique arrangement significantly reduces fixed overhead costs, making it one of the most favorable leases in the market.
4. Strong Revenue Growth: From September through December 2024, the business achieved revenues of $454,963 in just four months of operation, showcasing robust market demand and exceptional early performance.
5. Licensing Opportunity: As part of the deal, the buyer will become a licensee under the Sugar Factory brand and will pay a 6% licensing fee to the Seller. This ensures ongoing brand recognition and operational support.
6. Seller Financing: The Seller is confident in the business’s success and is willing to finance 50% of the asking price, making this an accessible opportunity for qualified buyers.
7. Brand Strength: Sugar Factory’s trendy dining and retail concept has a proven track record of success, with new locations opening in highly sought-after markets across the country and world.
Financial Highlights
• Revenues (Sept - Dec 2024): $454,963
• Lease Terms: 8% of revenues, no base rent or NNN fees
• Licensing Fee: 6% of revenues to the Seller
• Buildout Value: Over $2,000,000 in late 2024 (leasehold improvements and FF&E)
Growth Opportunities
• Full-Year Operations: With only four months of revenue reported, there is substantial potential for higher annual revenues in 2025 and beyond.
• Expanded Marketing: Enhanced local marketing efforts and partnerships with the Galleria Mall could drive additional customer traffic.
• High-Traffic Location: Houston Galleria’s year-round draw as a shopping, dining, and entertainment hub ensures a steady stream of potential customers.
This Opportunity is Ideal for:
• Entrepreneurs seeking a high-profile business with strong early revenues and a globally recognized brand.
• Investors looking to enter the dining and retail space with a turnkey operation and favorable financing options.
• Existing restaurant or retail operators who want to expand their portfolio with a trendy, high-margin concept.
Don’t miss out on this rare opportunity to own a premier Sugar Factory location in one of Texas’s most desirable destinations.
Listing Details
- Price: $500,000
- Down Payment: $250,000
- Sellers Discretionary Earnings: $0
- Total Sales: $1,364,889
- Location: Harris County, Texas
- Inventory: $10,000
- FF&E: $524,905
- Employees: 23
- Year Established: 2024
- Reason for Selling: Other Opportunities/Need Local Owner
- Category: Restaurants
Contact Agent:
- Austin Zhao, M&AMI, CM&AP, CBI & BCA
- Phone: (281) 630-6666
- Email: austin.zhao@tworld.com