Reference # : CGLA – 00144
Asking Price:$99,000
Gross Revenue:$2,439,330
Established:2013
Business Description
Very popular, celebrity-themed, restaurant with high traffic and large retail volume. Specializing in authentic, made-from-scratch, Louisiana, specialties, guests are visiting from all over the world to eat, people watch and purchase retail items.
This is a huge opportunity for experienced restaurant operators, investment groups and/or executive Chefs.
More details will be communicated to qualified prospects after a confidentiality agreement has been executed.
Detailed Information
- Real Estate: Leased
- Building Sq. Ft.: 8,000
- Lease Expiration: N/A
- Employees: 65
- Facilities: 8,000 square foot retail and restaurant with high visibility in well-known, high traffic, established area. Facility is leased with a comfortable lease rate. Facility is surrounded by major “big box” retailers and chain restaurants. Restaurant has a private dining area, large party room, outside dining, medium to large dining area and a high exposure retail section. Asking price includes, all FF&E required to operate, a 5 year License Agreement to utilize the Brand, marketing material, and celebritie’s likeness and endorsement, Lease Agreement for 5 years. All a buyer needs is cash for inventory and operating capital estimated to be approximately $100,000. This is a high return, highly visible opportunity with trememdouns growth potential in the US and abroad.
- Competition: Although relatively new to the market this business has exploded to more than $2mm a year in food and retail sales. There is no other restaurant/retail operation in the southern US with this distinction. More details will be communicated to qualified prospects after a confidentiality agreement has been executed.
- Growth & Expansion: There is no slowing down for this business as their brand continues to expand Globally. People come from all over the world to dine at this restaurant. Growth is predicted to happen as operations become “refined” and the theme is expanded. More details will be communicated to qualified prospects after a confidentiality agreement has been executed. Sales of retail items, (shirts, hats, etc) exceeded $250,000 in 2015.
- Support & Training: Owner will be available to train and answer calls for up to 30 days. Restaurant has a full complement of management and employees.
- Reason for Selling: Owner is retiring
