Seller Financing Available

Asking Price:

$239,000

Gross Income:

$337,024

Cash Flow:

$88,137

EBITDA:

N/A

FF&E:

$127,000.00 *

Inventory:

$10,000.00 *

Real Estate:

N/A

Year Established:

2009

Employees:

7

Business Type:

Restaurants

* included in the asking price

Business Description

This is a large restaurant and bar located on a high traffic street of the French Quarter. The restaurant provides room service for three major nearby hotels. The casual dining atmosphere is very attractive to tourists stopping by for breakfast, lunch and dinner. The inside of the establishment is beautifully decorated, adorned with paintings from local artists that customers can purchase if they like. Their menu includes a wide array of breakfast choices served all day. Lunch is served every day.

Detailed Information

Facilities:

The restaurant is located on the ground floor of the building. The size of the restaurant is 7,500 sq feet with a seating capacity of 179 and the building is in great condition. The owner put in $200,000 renovating the interior with the furniture, fixtures, and equipment. The lease is for a term of three years of which 2 years remaining. Lessee shall have the right to renew the lease two additional terms of four years each.

Competition:

This restaurant is in a busy area of the French Quarter and attracts tourists and locals of all sorts.

Growth/Expansion:

This restaurant provides room service to nearby hotels and is looking to add more hotels soon.

Financing:

Owner will finance 40%-50% down - dependent upon offer and credit.

Support/Training:

Owner will train for two weeks at no cost

Reason Selling:

Owner wishes to pursue other interests and is relocating out of state.

Broker Information

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