Listing Number: 76931-423061
Description
50% SELLER FINANCING AVAILABLE for a Qualified Buyer
This beloved family-run restaurant thrives in the same location it’s been in since they opened their doors 18 years ago. With a combination of American, South American, Cuban and other world cuisines, this amazing and highly popular restaurant is ready for its new owners. The restaurant boasts a large wine selection, full bar and a variety of delicious and fresh menu items and specials that are updated frequently. All menu items have recipes and systems in place for smooth and professional execution. This much-loved local restaurant has an exceptionally dedicated and loyal client base with regulars who’ve been coming in since the beginning and several employees who’ve been on board for upwards of 10 years.
Revenue in 2022 was $2,247,184 and the SDE for 22 was $193,015. In 2023 sales were over $2.1 million and the SDE was just under $173,000. With a new owner who chooses to be the operator and chef, $55-60K can be added to the bottom line SDE.
For 18 years, the restaurant has continued to grow and evolve with annual sales topping $2.1 million consistently, and that’s without being open on Sundays and Mondays or for breakfast during the week. Sundays alone could add over $400,000 to the yearly revenue if the new owners are open for a full day. With the assumption of a 10% margin, adding Sundays could add approximately $40,000 to the bottom line.
The current staff is well-trained and highly experienced, and the turnover rate is extremely low. The seller works in the business on and off throughout the week, but operations are handled by two full-time highly trained and long-term managers. The ownership, management and employees know many of the regular clientele on a first name basis. As a present and engaged owner from day one, the seller is excited to transition this special business to its next owner.
Listing Details
- Price: $ 795,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $ 172,454
- Total Sales: $ 2,114,218
- Location: Montgomery County, Texas
- Inventory: $ 15,000
- FF&E: $ 150,000
- Employees: 32
- Year Established: 2006
- Reason for Selling: Retiring
- Category:
