Listing Number: 76931-313325
Seller financing! Priced below asset value! Busy cajun restaurant located in northeast Houston with revenues exceeding $1M per year. This business opened in 2009.
The most authentic Cajun food west of the Sabine River! Louisiana inspired recipes and all food is made from scratch daily from fresh ingredients. Nothing from a mix, a can or jar. Not only do they serve the best seafood, burgers and cajun favorites, but also offer something for every palate including salads, pastas and a traditional kids menu. They keep their prices small and portions big - just like they do back home in Louisiana! This restaurant also has a bar area and serves the coldest and freshest beer in town and is the largest retail provider in Houston of Louisiana's own ABITA beers on tap or in the bottle. There's often live entertainment on the weekends and it's a great place to watch a football game or have a business lunch!
This restaurant has 4,000 sq ft and is located in an upscale shopping center with excellent demographics, visibility, and traffic counts.
The listing price includes $100,000 in FF&E, $250,000 in leasehold improvements, and $15,000 in inventory. There are 29 employees including 6 managers on staff. The owner will provide 2 weeks of training to ensure a smooth transition.
Per owner's financial statement, sales in 2018 were $1,288,744 but owner is not currently making a profit. The current food and labor costs are too high due to lack of owner involvement. The current owner is involved with multiple businesses and doesn't have time to commit to this particular business. This business needs a buyer who has restaurant management experience that will be hands-on in order to restructure the costs and make profit moving forward. There are also strong delivery and catering opportunities in the area.
- Price: $150,000
- Down Payment: $75,000
- Sellers Discretionary Earnings: $0
- Total Sales: $1,288,744
- Location: Harris County, Texas
- Inventory: $15,000
- FF&E: $100,000
- Employees: 29
- Year Established: 2009
- Reason for Selling: Other Business Interests
- Category: Restaurants