Listing Number: 76931-620231
OPEN BID - OFFERS BEING ACCEPTED UNTIL JANUARY 5 2022. Cash buyers - minimum liquidity expected of $2.5M.
This is a unique opportunity to acquire multiple concepts that have been developed from the ground up, have proven customer appeal, exemplary menus, fun ambiance, neat locations and can even be franchised for state or nationwide expansion for a buyer looking for a major growth opportunity. Located in South Texas area, there are three main concepts of different cuisines, with one recently expanding to include a festivities and event hall. Due to confidentiality, the locations will be disclosed only after an NDA is executed. 2021 combined revenue was $4.8M, with COGS 35%, payroll 31% and rent less than 7%.
Managers are in place; exiting owner participates as needed and mostly provide remote, directional support.
Seller is reserved on providing tax returns on the various LLC’s. Revenue data, COGS, Labor and rental expense will be disclosed, along with employee census information. It is anticipated that those familiar with this industry will have a clear understanding of the profits of the business.
This is ideal for either an experienced restauranteur looking for a major addition across restaurant styles, or an owner operator ready to take on the challenge of running and an already established, successful, and turnkey set of restaurants.
- Price: $ 2
- Down Payment: $2,000,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 4,797,652
- Location: Galveston County, Texas
- Inventory: $ 25,000
- FF&E: $ 900,000
- Employees: 97
- Year Established: 2014
- Reason for Selling: Divesting
- Category: Restaurants