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Bossier City Restaurant In Prime Location
Location: United States -> Louisiana -> Bossier City
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Sunbelt Business Brokers of Shreveport presents this established restaurant location with high visibility in Bossier City available for sale. This restaurant had revenue of over $800,000 in 2019 and was able to keep the doors open through 2020 despite many restaurants shutting their doors. The business is poised for growth in 2021 and will quickly return to 2019 revenue levels due to its delicious menu and terrific staff.

The restaurant also provides catering services which represented 12% of revenue in 2019. Building on this revenue stream, as well as opening on Sundays, offer huge growth potential for a new owner. The restaurant seats 44 guests and currently has 10 well trained employees. The owner currently manages the restaurant, but several employees have the potential to be trained into the management position. The business is operating around 36% COGS and 20% labor. The current lease is $4,100/mo. and expires in August of 2023. The lease is assignable and has options to renew once the current lease expires.

The owner is selling to spend more time with family but willing to stay on with the new owner for 30 days following the sale. Contact Chris today for more information on this restaurant.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $300,000
Cash Flow:   $18,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $160,000
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Available
Reason For Selling:  Family reasons




Print Listing Id: 700359447
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Louisiana Businesses For Sale > Louisiana Franchises For Sale > Louisiana Business Brokers



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