Unique opportunity to own this well known family restaurant

Puerto Rico

main balcony
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Asking Price: $1,750,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $150,000

Inventory: N/A

Real Estate: N/A

Established: 1959

Unique opportunity to own this well known family restaurant

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Business Description

Profitable family restaurant and property

Established 60+ years, serving typical Puertorrican food; famous original recipes, with franchising potential. Fully operational. Business, original secret recipes and property included. Enough space for expansion potential for other activities, including weddings, business meetings, "bohemian nights", artistic and cultural events. Up to date business patents, taxes, and health, fire department and liquor licenses.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
12,000
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Buildings comprise approximately 12000 sq feet on 1.8 acres, ample parking space, including activities room with independent full kitchen that could serve as a second theme facility and main dining area (may sit up to 80) with surrounding expansion areas that may seat over 200 guests. It has a backup diesel generator and potable water cistern(1500+ gallons) and water pump.
Competition:
Many have imitated our recipes but nothing like the original recipe, as our clients attest when visiting our restaurant again. We are patronized mostly by clients coming from different parts of the island, Neighboring restaurants cater more to the local clientele and most offer a different type of menu.
Support & Training:
Owner willing to train and support for a reasonable amount of time to be negotiated.
Reason for Selling:
retirement
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Business Listed By:
Not Disclosed

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