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Popular Restaurant For Sale
Location Louisiana,United States
Asking Price Range < $250K
Gross Revenues $189000
Net Profit / Cash Flow $25000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 6 - 9
Inventory 54000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Available.
Reason for Sale Health issues.
Description Established for over 20 years, this popular Lafayette restaurant is well known for its hot, homemade, delicious plate lunches. Restaurant serves local favorites such as red beans and rice, shrimp etouffee, smothered pork chops, and much more. Loyal customers return so often, the restaurant remains steadily busy throughout its lunch hours. Business could expand immediately and increase profit with longer hours and adding breakfast as well as dinner items to the menu. In addition to its wonderful eating atmosphere inside the restaurant, business provides catering for offices, parties, and other large gathering events.
Restaurant is composed of a large approximately 3,300 square foot eating area that seats roughly 72 patrons. Space leases for only $2,250 / month, a bargain for its terrific location. Building presents well from the road, with a unique home-style motif that consistently attracts new customers. Business is on a busy 4 lane highway in a location that is easily accessible and highly visible. There is also nearby apartment housing, providing plenty of residential traffic. Real estate is not included in the sale, but is available for purchase for additional funds.
Business is found in the high growth and affluent city of Lafayette, Louisiana. Area has grown into a major city with all the amenities, while maintaining the close-knit and friendly atmosphere of a smaller suburban community. It is a great place to live and raise a family.
Seller is forced to sell their restaurant due to health issues, and is highly motivated. Seller will train the new owner on this very easy to own and operate business. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers. Come see what makes this restaurant so popular among the residents in its community, taste the delicious food, meet the owner, make offer.
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