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Busy European Restaurant In Richmond
Location: United States -> Texas
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This East European Cafe restaurant was established under the vision of the owner's long experience as an restaurant enterpreneur. 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 $400k a year with attractive profits. The sale of the business ncludes FF&E valued at $50,000, leasehold improvements vvaued at $60,000 and inventory valued at approximety $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 proftible turnkey operation with signifant cash flow. Business can also be manged 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 inmediate approval from the various diverse communities.
Specialty restaurants have always a nice market niche.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $528,000
Cash Flow:   $204,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  relocating




Print Listing Id: 700383223
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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 > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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