Profitable Latin Restaurant and Catering Business

Not Disclosed, UT
Salt Lake County

Asking Price: Annual Revenue:
$250,000 $462,420

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Latin Restaurant and Catering Business Broker: Diane Hartz Warsoff

Quick Facts

Asking Price: $250,000
Annual Revenue: $462,420
Net Profit: Not Disclosed
Cash Flow: $198,363
Total Debt: Not Disclosed
FF&E: $100,250
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 265150336
Broker Reference #: 15541-462383

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Business Overview:

This restaurant is a fast-casual, Latin-themed restaurant that emphasizes fresh, barbequed meats with vegetable side options as well as specialty fruit-based drinks and desserts. There are also vegetarian options and an extensive dessert menu, to please all palates. The restaurant’s emphasis on fresh ingredients has helped to grow the catering side of the business, providing fresh, affordable food options for offices, weddings and other parties.

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Property Features and Assets:

PRICED REDUCED! HIGHLY MOTIVATED SELLERS! The restaurant opened in its current format in 2013, and the owners have over 30 years’ combined experience in the restaurant business, particularly in developing unique Latin restaurant concepts. Two of the owners work full-time in the business, with one owner responsible for the catering side, which represents 30% of sales. End location in local strip mall - good street exposure.

Market Competition and Expansion:

There are other fast-casual restaurants in the region, but most of them are national chains that do not have the uniqueness of this restaurant. There is one other direct competitor nearby, but they are not as strong on the catering side. This is a great opportunity to take a successful restaurant and build on the current model! Growth will come from a more robust online presence, marketing for takeout/lunch traffic, and adding delivery options. Another opportunity would be to open a second location using the processes already developed while continuing to emphasize the highly-profitable catering side of the business.

Reason for Selling:

New venture.

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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