Duran Advisors presents this nationally acclaimed award-winning New Orleans Restaurant for sale with Real Estate. Sammy’s Food Service and Deli has been featured on multiple national television series and has won a long list of accolades for its excellent food. The well-known restaurant has been in business for several decades, preparing food for a diverse customer base. The business serves everything from sandwiches and po'boys to daily specials and hot plates. It also boasts a thriving catering business. The restaurant's numbers have been strong even through the 2020 pandemic. The core strength of the numbers is that more than 50% of the business is takeout! All recipes will be included in the sale. This is a turn-key operation.
The Real Estate is for sale with the business and it has been valued at $1,400,000. The building's square footage is approximately 8,000 square feet with plenty of room for the restaurant to grow. The facility has residential apartments that provide passive income. They can continue to be used for housing or converted to Air BnBs by a new owner. The property also has many other rooms currently used for storage that could be monetized by a more aggressive owner. There is ample off-street parking on the property.
The owners are currently working in the business, but a new owner could hire a manager. They are selling to retire. They will stay on for two weeks to help transition the business and customers to a new owner. The sellers will entertain all reasonable offers.
A Matterport 3-D Virtual Reality scan of the premises is available for fully disclosed buyers. A 40+ page Confidential Information Memorandum (CIM) is available as well.
The restaurant made just under $247,562 in 2022 as well as $21,600 in rental income.
This is a structured sale with the following schedule:
8/25: Question Submission Deadline
9/01: IOI Submission Deadline
9/30: Due Diligence End & Close (time may be extended for financing)
Come meet the owners, taste the delicious award-winning food, and experience all this restaurant serves up!
For serious inquiries, please call the listing broker, Joel Duran, CM&AA, CM&AP, CEPA, CMSBB, at