Busy European Restaurant in Richmond

Listing Number: 76931-300929

Description

Asset Sale Price for this running business. No financials.
This East European Cafe restaurant was established under the vision of the owner’s long experience as an restaurant entrepreneur. The friendliness of the trained staff and attention to detail makes a fantastic experience for customers. This location is in the great area in Katy/Richmond and on one of the main streets with easy access and easy parking. The fresh quality of their unique food, keep clients coming back. Their unique east European food has a niche market in the big east European population in the area. Current operation is professionally managed by Owner who has many years of experience in the restaurant business.
This location was opened in July 2022 and quickly got great acceptance in the community; current revenues are above the $240k a year with attractive profits. The sale of the business includes FF&E valued at $50,000, leasehold improvements valued at $60,000 and inventory valued at approximately $5,000. Space is 1,000 square feet. There are currently 16 employees in the business.
Seller wants to sell this location because his family wants to move to Florida where the rest of their extended family lives. Seller is willing to train the buyer for 2 weeks or more in order to ensure a smooth transition. Priced at a fraction of assets, this business is perfect for an owner/manager seeking a profitable turnkey operation with significant cash flow. Business can also be managed semi-absentee with the proper management, making it a great investor opportunity.

Listing Details

• Price: $69,000
• Down Payment: $69,000
• Sellers Discretionary Earnings: $80,000
• Total Sales: $240,000
• Location: Harris County, Texas


• Inventory: $0
• FF&E: $50,000
• Employees: 4
• Year Established: 2022
• Reason for Selling: Moving out of town
• Category: Restaurants