Listing Number: 76931-423067
UPDATE to SDE: A shift in management payroll brings annual SDE up by $30,000+.
This beloved family-run restaurant thrives in the same location it’s been in since they opened their doors 15 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.
For 15 years, the restaurant has continued to grow and evolve with annual sales topping $2.3 million consistently, and that’s without being open on Sundays or for breakfast during the week. Sundays alone could add over $400,000 to the yearly revenue if the new owners set hours of 9:00 AM – 8:00 PM. With the assumption of a margin between 10-14%, adding Sundays could add between $40,000-56,000 to bottom line. The average SDE for 2018 and 2019 was $287,000 and even through Covid, the restaurant’s sales were over $1.7 million with an SDE of approx. $84,000. The to-go side of the business is still going strong even as the revenue bounces back to pre-pandemic levels.
The current staff is well-trained and highly experienced and even in the current climate, the turnover rate is extremely low. The ownership, management and employees know many of the regular clientele on a first name basis. As a hands-on owner from the day one, the seller is excited to transition this special business to its next owner.
- Price: $ 1,250,000
- Down Payment: $1,250,000
- Sellers Discretionary Earnings: $ 346,274
- Total Sales: $ 2,496,094
- Location: Montgomery County, Texas
- Inventory: $ 0
- FF&E: $ 50,000
- Employees: 39
- Reason for Selling: Retirement
- Category: Restaurants