Listing Number: 76931-229861
SBA Lender Pre-Approved. High volume cafe located in northeast Harris county with revenues of $1.49M in 2020, $1.86M in 2021, and $2.28M in 2022. This restaurant concept would make a great addition for a buyer with an existing restaurant portfolio.
The most authentic Cajun food west of the Sabine River! Louisiana inspired recipes and all food is made from fresh ingredients. Not only do they serve the best seafood, gumbo, poboys and cajun favorites, but also offer a traditional kids menu. This restaurant has a fully stocked bar and serves the coldest and freshest beer in town. 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 2,000 sq ft with an outdoor patio and is located in an upscale shopping center with excellent demographics, visibility, and traffic counts. Monthly rent (including CAM) is $8,600 which is less than 6% of sales!
The listing price includes $69,000 in FF&E, $150,000 in leasehold improvements, plus $4,000 in inventory. There are 20 employees including 2 managers on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The current owner wants to pursue another business opportunity.
Per owner's tax return, sales in 2022 were $2.28M with approximately $684K in discretionary earnings. Sales and earnings are expected to be similar in 2023. The restaurant is only open 5 days per week and closes daily at 9:00 pm so a new owner could extend the hours and increase sales. There are also strong delivery and catering opportunities in the area.
- Price: $ 1,595,000
- Down Payment: $1,595,000
- Sellers Discretionary Earnings: $ 684,641
- Total Sales: $ 2,278,690
- Location: Harris County, Texas
- Inventory: $ 4,000
- FF&E: $ 69,670
- Employees: 20
- Year Established: 2014
- Reason for Selling: Other Business Interests
- Category: Restaurants