Iconic Louisiana Seafood Restaurant

LA

Oyster Bar
Contact Seller

Asking Price: $1,425,000

Cash Flow: $205,203

Gross Revenue: $1,472,383

EBITDA: N/A

FF&E: $278,995

Inventory: $25,000

Real Estate: $1,450,000

Established: 1983

Iconic Louisiana Seafood Restaurant

Save Print Share Valuation Report

Business Description

Real Estate Investment For Sale Below Appraised Value

This restaurant has been operating under the same ownership since 1983. It is a well-known, family owned and operated, iconic restaurant with wonderful lake views.

This business has become the restaurant of choice for those of discriminating tastes, wishing to experience the culinary fame of Louisiana. Nowhere west of New Orleans, can you find a better example of Louisiana’s culinary tradition and reputation than at this restaurant.

This is a great investment opportunity. An investor could acquire the real estate and lease back to an experienced operator or operating group.

Marc L. Able is Licensed by the Louisiana Real Estate Commission.
Agent is sponsored by Coldwell Banker Group One Realty. 2120 Cypress St. West Monroe, LA. 71291, (318)-362-0007. Licensed in Louisiana. Each office is independently owned and operated.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
7,141
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility is well-made using reinforced wood beams and sits on a 3.74+/- acre peninsula on the eastern edge of a Lake. The real estate could be re-purposed as a condominium or apartment complex using the restaurant facility as a club house. Improvements: Frame Building on pier/beam slab Main Bldg. 7,141 sf Porches 1,266 sf Decks 5,000 sf +/- Total: 13,407 sf +/- Asphalt Parking 50,000 sf
Competition:
This restaurant is known as "the place" to experience Louisiana cooking at its finest. The seafood is fresh, sauces and rouxs made in-house. There is not another restaurant this nice with a traditional Louisiana menu anywhere around this location. This restaurant does not have an off-premise catering department.The company can create an off- premise catering program and has huge potential in this area.
Growth & Expansion:
This business has managed to be successful using very little advertising. A greater advertising budget and use of social media could drive revenue growth. Also, the restaurant is only open 36 hours per week. By opening for lunch and extending operating hours this business would drive more sales. Seller enjoys numerous benefits and discretionary earnings not shown in the cash flow figure that will be conveyed in person. In 2018 this restaurant reported 21.64% alcohol sales. By increasing the operating hours, thereby increasing traffic, this revenue stream could increase offering another revenue and profit source.
Support & Training:
Owners will train on-site for up to 30 days.
Reason for Selling:
Owner is retiring
Contact Seller

Contact the Seller

Contact Seller Loading

Marc L. Able

Business Listed By:
Marc Able

Benchmark Business Brokers

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1502264 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Jon Smith Subs

Franchise Opportunity
Capital Required: $300,000