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Sound Investment in a Profitable Restaurant for sale in West Monroe, LA

West Monroe, Louisiana (LA)

Asking Price: Gross: Cash Flow:
$ 399,000 $ 800,000 Undisclosed

Furniture and Fixtures Value:
$ 150,000 (included in the asking price)

Inventory Value:
$ 15,000 (included in the asking price)

Real Estate:
$ 349,000 (included in the asking price)

Business Summary:
Very popular bar and grill with revenue well in excess of $800,000. Property has a full catering kitchen with private access, a full kitchen for the restaurant, comfortable bar and patio. There is a smaller building outside for storage and catering equipment.Restaurant seats 108 people total. Restaurant has a very spacious deck with a built-in buffet table, TV and sound system. Bar area seats 34 with 12 bar stools and the dining area seats 40.Restaurant has a brisk, in-house business but also has some major institutional catering accounts. The facility is a 6000+/- square foot, free standing building with dining area, bar, patio, 2 kitchens and an outside crawfish boiling/catering area. Facility was remodeled 3 years ago. The business has been open 10 years with current owner in place for more than 3 years.The real estate is included in the price. The owner will also entertain lease to own or other financing options.This is a great situation to get into an established, popular, business backed by real estate in a busy, high-traffic area.Investors could purchase the property at a discount and lease back to an established restaurateur, professional manager or Chef. Owner is highly motivated to retire. Bring all reasonable offers.

 

   
Year Business was Established: 2006
   
Potential Growth/Expansion: Owner is absentee. An owner/operator could drive sales to $1mm relatively easily.  
   
Competition: Trade area consists of residential and commercial on a busy street adjacent to a very large, highly regarded high school. There are other eating places in the vicinity but this business is unique in that it draws families, sports enthusiasts, happy hour crowds, has a thriving lunch and very profitable catering business.  
   
Owner willing to finance: Possible  
   
Owner willing to train: Yes up to 30 Days  
   
Reason for selling: Owner is retiring  
   
Seller Reference Number: bm149235708
BusinessMart.com Listing Number: 197364
 

 

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For more info contact:

Marc Able

Benchmark Business Brokers
Broker License #99569168
318-393-8421

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