Profitable Latin Restaurant and Catering Business

Salt Lake County, UT

Profitable Latin Restaurant and Catering Business
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Asking Price: Get Financing: $300,000

Cash Flow: $216,887

Gross Revenue: $482,518

EBITDA: N/A

FF&E: $100,250

Inventory: $4,500*

Lease Rate: $4,200 /Month

Established: N/A

*not included in asking price.

Profitable Latin Restaurant and Catering Business

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Business Description

This restaurant is a fast-casual, Latin-themed restaurant that emphasizes fresh, barbequed meats with vegetable side options as well as specialty fruit-based drinks and desserts. There are also vegetarian options and an extensive dessert menu, to please all palates. The restaurant’s emphasis on fresh ingredients has helped to grow the catering side of the business, providing fresh, affordable food options for offices, weddings and other parties.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant opened in its current format in 2013, and the owners have over 30 years’ combined experience in the restaurant business, particularly in developing unique Latin restaurant concepts. Two of the owners work full-time in the business, with one owner responsible for the catering side, which represents 30% of sales. End location in local strip mall - good street exposure.
Competition:
There are other fast-casual restaurants in the region, but most of them are national chains that do not have the uniqueness of this restaurant. There is one other direct competitor nearby, but they are not as strong on the catering side.
Growth & Expansion:
This is a great opportunity to take a successful restaurant and build on the current model! Growth will come from a more robust online presence, marketing for takeout/lunch traffic, and adding delivery options. Another opportunity would be to open a second location using the processes already developed while continuing to emphasize the highly-profitable catering side of the business.
Support & Training:
2 weeks
Reason for Selling:
new venture
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Contact the Seller

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Diane Hartz Warsoff

Business Listed By:
Diane Hartz Warsoff

Transworld Business Advisors of Utah County

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Sponsoring Broker:
Arthur Warsoff

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