Established Restaurant For Sale in Old Metairie

Undisclosed Address, Louisiana
Business Opportunity for Sale
Catylist Listing ID: 30738726
Property Subtypes: Food and Beverage
Building Size (RSF): 3,600 SF
Sale Price: $49,000
Year Business Established: 2014
Gross Revenue: $552,381 (Annual)
Cash Flow: $104,298 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 10/16/2021

Overview / Comments

Principle Business Advisors presents this established restaurant for sale in Old Metairie.  The business has been in operation for 6 years. This business has a diverse menu with many unique offerings. The restaurant is currently operating with reduced hours that could easily be expanded. Though the restaurant is highly profitable, there is still plenty of room for growth. The space has been captured with a Matterport Virtual Reality 3-D scan. The virtual reality scan is available to disclosed buyers for review. Come meet the owner, taste the incredible food, and make an offer!

Contact the listing broker, Joel Duran, at (504) 313-1038 for more information.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Relocating back home.
Value of Inventory Included ($): $2,000
Value of Furniture, Fixtures, and Equipment ($): $45,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Monthly rent $5,100; Deposit $4,375; Landlord must approve the new tenant.
Employee/Labor Description: Full-time: 5; Part-time: 0
Mgmt/Training Support Description: The standard training time is two weeks. After the two weeks, the owner will be available by phone.
Seller Financing Description: The owner will finance a qualified buyer with $25,000 down.


Photograph of Listing Agent

John Sanderford

John Sanderford & Associates, LLC Metairie, LA 70055
LACDB Member
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