Iconic Restaurant Business for Sale in New Orleans, LA

LA

Iconic Restaurant Business for Sale in New Orleans, LA
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Asking Price: $750,000

Cash Flow: $166,740

Gross Revenue: $1,222,781

EBITDA: N/A

FF&E: $130,000

Inventory: $11,200

Real Estate: $550,000*

Established: 2000

*not included in asking price.

Iconic Restaurant Business for Sale in New Orleans, LA

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Business Description

This iconic restaurant business for sale in New Orleans, Louisiana has been in operation for over a decade and is very popular amongst the locals. Sales last year were approximately $1.2MM. Business is located in a great part of town with lots of foot traffic to drive in customers. Business and real estate are both listed for sale, the business for $750,000 and the real estate for $550,000. Restaurant is rated as one of the top brunch & diner locations to visit in the city. New Orleans is a fun and exciting place to live. There is plenty of affordable housing. New Orleans is the fastest growing, large, metropolitan city in the United States. The culture and people are unique. World class recreational activities abound like French Quarter, Mardi Gras, Superbowl, Final 4, Sugar Bowl, New Orleans Bowl, Jazz Festival, College Football Championship, Saints and Pelicans professional sports teams and much more. The new up and coming technology district will position New Orleans well into the future along with the port and the tourist/convention business. Owner has decided to sell to pursue other business interests. Seller will help train new owner on this easy to own and operate business. Owner will consider some seller financing for a qualified buyer with a reasonable down payment. Contact us today for more information on this iconic restaurant business for sale, meet the owner, taste the great food, make offer!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
10 FT 8 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
TBD
Reason for Selling:
Other Business Interests
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Contact the Seller

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Joel Duran, CMSBB

Business Listed By:
Joel Duran

Sunbelt Business Brokers of New Orleans

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