Busy European Restaurant in Richmond

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$93,000 $528,000

Food & Beverage: Coffee, Cafe, Dessert


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RE: Busy European Restaurant in Richmond Broker: Andres Ghersi

Quick Facts

Asking Price: $93,000
Annual Revenue: $528,000
Net Profit: Not Disclosed
Cash Flow: $204,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2022
Employees: 4
BBN Listing #: 754344107
Broker Reference #: 76931-300929

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Business Overview:

This East European Cafe restaurant was established under the vision of the owner’s long experience as an restaurant entrapreneur. The friendliness of the trained staff and attention to detail makes a fantastic experience for customers. This location is in the great area in Katy and on one of the main streets with easy access and easy parking. The fresh quality of their unique food, keep clients coming back. Their unique east European food has a niche market in the big European population in the area. Current operation is professionally managed by Owner who has many years of experience in the restaurant business.

This location was opened in July 2022 and quickly got great acceptance in the community, current revenues are above the $400,000 a year with attractive profits. The sale of the business includes FF&E valued at $50,000, leasehold improvements valued at $60,000 and inventory valued at approximately $5,000. Space is 1,000 square feet. There are currently 16 employees in the business.
Seller wants to sell this location because his family wants to move to Florida where the rest of their extended family lives. Seller is willing to train the buyer for 2 weeks or more in order to ensure a smooth transition. Priced at a fraction of assets, this business is perfect for an owner/manager seeking a profitable turnkey operation with significant cash flow. Business can also be managed semi-absentee with the proper management, making it a great investor opportunity.
Owner opened this restaurant one years ago as a true East European restaurant, getting immediate approval from the various diverse communities.

Specialty restaurants have always a nice market niche.

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Reason for Selling:

relocating

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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