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Business For Sale
RESTAURANT - SPECIALTY CUISINE FOR SALE
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Asking Price: |
$225,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Retirement |
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Year Established:
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1995 |
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Yearly Revenues:
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$500,000 |
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Yearly EBITDA:
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$80,000 |
Business for Sale Overview:
The business owners opened this specialty restaurant in 1995. This restaurant has an established following and serves a specialty cuisine and is the most well known restaurant in the El Paso market place serving this cuisine. Recently, the owner upgraded this location with a full liquor license and the restaurant maintains a significant portion of their revenue from alcoholic beverage sales. This restaurant is turn key and includes full recipes and training to be provided to the new owners. Seller will consider some amount of owner financing under the right circumstances. The business would be a good fit for an entrepreneur wanting to get into the restaurant business starting with an established, well respected, profitable restaurant or could also be a fit for an owner already in the restaurant business that wishes to expand his offerings and locations. Note - Gross Sales and EBITDA based on 2008 projections.
Property Features and Assets:
This location is based in the premier entertainment district in El Paso. Traffic for nightlife, entertainment continues to grow in this section of town. 1,400 square feet @ $1,200 per month.
Market Competition and Expansion:
Because this restaurant is established, well known, has an established customer base and services a niche market and is located in the premier restaurant/bar district in El Paso they are somewhat insulated from competition. As noted above, the owner has just recently upgraded to a full liquor license and the owner believes this will significantly increase sales going forward. Also, the new owner could potentially benefit from increased advertising (radio and/or TV).
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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