French Quarter Restaurant and Bar (ID: 1033309)

Seller Financing Available!
Asking Price: $239,000
Gross Revenue: $337,024
Cash Flow: $88,137
Inventory: $10,000 ++
Real Estate: n/a **
FF&E: $127,000 ++
Business Listed by LISTING BROKERCapital Business Solutions
Contact Broker:Michelle SeilerCapital Business SolutionsView All of My Listings
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Business Description

This is a large restaurant and bar located on a high traffic street of the French Quarter. The restaurant provides room service for three major nearby hotels. The casual dining atmosphere is very attractive to tourists stopping by for breakfast, lunch and dinner. The inside of the establishment is beautifully decorated, adorned with paintings from local artists that customers can purchase if they like. Their menu includes a wide array of breakfast choices served all day. Lunch is served every day.

About the Business

Year Established: 2009
Number of Employees: 7FTE; 0PTE

Facilities: The restaurant is located on the ground floor of the building. The size of the restaurant is 7,500 sq feet with a seating capacity of 179 and the building is in great condition. The owner put in $200,000 renovating the interior with the furniture, fixtures, and equipment. The lease is for a term of three years of which 2 years remaining. Lessee shall have the right to renew the lease two additional terms of four years each.

Market Outlook/Competition: This restaurant is in a busy area of the French Quarter and attracts tourists and locals of all sorts.

About the Sale

Reason For Selling: Owner wishes to pursue other interests and is relocating out of state.

Training/Support: Owner will train for two weeks at no cost

Seller Financing: Owner will finance 40%-50% down - dependent upon offer and credit.

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