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Restaurant In Mid City New Orleans For Sale

New Orleans, Louisiana, US
Asking Price:
$150,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$902,000
Cash Flow:
Available on request

Duran Advisors presents this restaurant for sale in the Mid-City area of New Orleans, Louisiana. The restaurant has been in business for over five years in the heart of Mid-City. The owner is ready to retire. The restaurant boasts a full bar and a plentiful menu with an array of dishes the locals love! The business is not tied to a franchise, so it's a good fit for a buyer to come in and make it their own. The current owner is not in the business daily, but it is fully staffed. With indoor and outdoor seating combined, the capacity is 110 seats. The restaurant is in a ~3,000 sq. ft. space with a large outdoor patio, currently leased for $9,500.

A Digital Confidential Information Memorandum and a Matterport Virtual Reality 3-D scan are available to fully disclosed buyers for review and are available for disclosed parties.

Come and taste the local flavors of this great restaurant and meet the owner!

For more information, please contact the listing agent, Joel Duran, at (504) 321-0196.

Property Information

Real Estate:

Lease

Lease Terms:

Rent is expected to be under $9,500 for a buyer, which is to be expected for such a high-quality location. The business has two years left and an additional five years of option. A new owner would have to qualify with the landlord and could potentially obtain a longer lease if desired.

Location:

The business is centrally located in the heart of Mid-City.

Premises Details:

The restaurant has ample seating for guests and parties of all sizes. It boasts a beautiful buildout with a large bar and an exceptional outdoor patio.

Size in square feet:
3,000

Business Operation

Reasons for selling:

Retirement

Trading hours:

Sunday to Thursday 11 am - 8 pm
Friday and Saturday 11 am - 9 pm

Employees:
18
Years established:
2016

Other Information

Support & training:

The owner will train a buyer for two weeks and then be available by telephone if needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The owners will consider owner financing on a case-by-case basis.

Furniture / Fixtures value:
$415,000 - included in the asking price
Inventory / Stock value:
$11,682 - included in the asking price