Profitable & Popular Argentinian Restaurant

Houston, TX (Harris County)

Profitable & Popular Argentinian Restaurant
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Asking Price: Get Financing: $449,950

Cash Flow: $169,489

Gross Revenue: $592,921

EBITDA: N/A

FF&E: $50,000

Inventory: $10,000

Lease Rate: $2,700 /SF/Month

Established: N/A

Profitable & Popular Argentinian Restaurant

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Business Description

Heavily Reservation Based. Excellent Reputation. Diverse Menue.

We’re pleased to present this really rather special family-run restaurant offering authentic South American cuisine with a unique blend of ambiance, delicious unique recipe meals and exemplary customer service for your family dinner or business lunch.
Additionally, there is a small grocery operation, retailing Argentinian food products to customers which accounts for 20% of gross sales
Live music performance is provided on Friday evenings
Reservations are required for up to three weeks in advance

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business was opened in 2010 and has been steadily building a reputation as a go-to restaurant for delicious cuisine, quality and consistency of freshly prepared meals and excellent customer service.
Competition:
Well established with loyal customers Located in a busy strip center. Quality and freshly prepared meals with unique recipes Favorable lease terms with low rental Live music / performer on Friday evenings Spanish, Venezuelan, Chilean, Argentinean cuisine
Growth & Expansion:
Currently, the restaurant does not hold a beer & wine license. Corkage charges on BYOB generate $1,000+ per week—this could be significantly increased with the sale of beer and wine [conservatively estimated at an additional $100k per year.] Grub Hub orders account for 20% if sales revenue . . . Adding additional on-line ordering platforms would produce revenue growth. Further enhance the restaurant’s social media presence. Seating capacity could be increased by the addition of a further exit. Currently there is only one access door and fire marshal has limited capacity to 40.
Support & Training:
2 weeks
Reason for Selling:
retiring
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Contact the Seller

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Phillip Mather

Business Listed By:
Phillip Mather

Transworld Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.


Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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