Recently Renovated and Growing Upscale Steak & Seafood Restaurant

Ouachita County, LA

Recently Renovated and Growing Upscale Steak & Seafood Restaurant
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Asking Price: $950,000

Cash Flow: $170,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $75,000

Inventory: $20,000

Real Estate: N/A

Established: 1980

Recently Renovated and Growing Upscale Steak & Seafood Restaurant

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Business Description

**************Asking Price Reduced 07/30/2018 to $950,000*******************
***************************Asking Price Reduced 11/29/2017*******************
Sunbelt Business Brokers present the opportunity to acquire one of the finest family owned and operated steak and seafood restaurants in Northeast Louisiana. Packed-in crowds, upscale bar and dine-in seating, delicious up-scale menu items, and ambience unlike anything else in the region are descriptions that will come to mind when visiting this local gem. This restaurant needs nothing as it was completely renovated in 2016 to provide innovative design and function in the kitchen, bar, and serving areas. The fresh daily menu items are unique and limited to ensure consistency and speed of delivery from kitchen to table. Smiles on the local and regional customers faces attest to the success of this formula. That and this year’s projected revenue of $1,000,000, while being open limited days of the week, make this high margin steak and seafood business a true turnkey operation for a new owner. Sales have continued to grow since the 2016 renovation, and the opportunity for continued growth is certainly at hand. There are, of course, other restaurants and competitors in the area, but this one’s setting and unique take on food make it stand out among the crowd as the area’s premier destination for a wonderful lunch or a night out on the town. A new owner with a passion for success will take charge of this incredible business with five (5) full-time and eight (8) part-time well trained and capable employees at their side. The real estate which will be included in the sale of this business and an exceptional menu that sets this restaurant apart from anything in the region are best seen to appreciated. The beautifully designed exterior is very inviting and the 4,500 square foot building will accommodate 110 hungry customers. It all sits on approximately 1.5 acres of land that has ample parking, which is more often than not, needed to accommodate the incoming patrons. The current owner is ready to provide training and transition to the new owner and will transfer recipes as well as other knowledge needed after the sale. This turnkey restaurant including real estate with an annual cash flow of $170,000 is marketed for $1,350,000. If you have always dreamed of owning a successful restaurant of your own, sign a confidentiality agreement and jump on this great opportunity today. Contact Gary D. Robinson, Sunbelt Business Broker, at 318-435-9714, 318-614-4101 or gary@sunbeltbuysell.com for more information about this “Great Steak and Seafood Restaurant”.

**Agent is sponsored through Sunbelt Business Brokers of Alexandria, sponsoring broker Brandon Bourgeois, telephone number 225-201-0202. Please contact agent directly for more information.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,500
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
approximately 1.5 Acres
Business Website:
http://sunbeltbuysell.com/buy
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Contact the Seller

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Gary Robinson

Business Listed By:
Gary Robinson

Sunbelt Business Brokers of Central & North Louisiana

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Sponsoring Broker:
Darren Williams

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