Profitable & Popular Argentinian Restaurant

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Heavily Reservation Based. Excellent Reputation. Diverse Menue.
Asking Price:
$449,950

Gross Revenue:
$592,921
Cash Flow:
$169,489
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

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

About the Business

Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
2,400
Lease Rate/Sq. Ft./Mo.:
$2,700.00
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.
Market Outlook/
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.
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1526732
Ad Detail Views:
417

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Business Listed by

Phillip Mather

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors

U.S. Census Data for Fort Bend and Harris Counties, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Fort Bend and Harris Counties, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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