Asking Price $99,500
Equipment $100,000 *included
Inventory $10,000 *not included
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.