Profitable Spanish Restaurant and Tapas Bar

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Asking Price:
$631,000

Gross Revenue:
$1,108,013
Cash Flow:
$253,942
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$12,000
included in asking price

FF&E:
$31,388
included in asking price

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Business Description

This authentic Spanish/Portuguese restaurant has a Full-Bar and Outside Patio. The Owner is expanding the outside area to include a bar and entertainment area. The restaurant is located in a suburb with strong demographics and has been profitable out of the gates with strong revenue and profit growth.

About the Business

Year Established:
2013
Number of Employees:
5 FT/7 PT
Relocatable:
Yes
Real Estate:
Leased
Facilities:
The Restaurant is located in a free standing building on a corner lot with excellent exposure and plenty of parking. This location has plenty of drive-by traffic and close to highway access.
Market Outlook/
Competition:
Minimal competition in the area for Spanish/Portuguese cuisine.
Growth & Expansion:
Expanded use of outside patio and continued local marketing.
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About the Sale

Reason For Selling:
Pre-retirement.
Training/Support:
Will train for 8 weeks @ no cost.
The Restaurant specializes in an upscale Spanish and Portuguese cuisine, has a full bar and outside dining area. Full Liquor License - D1, D2, D3, D3A, D6
Seller Financing:
Lender pre-screened w/ $126,200 down.

Listing Info

ID:
1411742
Ad Detail Views:
528

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Business Listed by

Michael Carrozza

Murphy Business & Financial Corporation

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Sponsoring Broker:

Jack Greenawalt
Murphy Business & Financial Corporation

U.S. Census Data for Cuyahoga County, OH
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 Cuyahoga County, OH
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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