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Growing Mediterranean Grill & Market
Location Texas,United States
Asking Price Range $250K - $500K
Gross Revenues $538000
Net Profit / Cash Flow $124533
Cash Flow Type EBITDA
Seller Finance No
Year Established 2005
Number of Employees 4 - 5
Inventory 70000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The owner will train a new owner as needed.
Reason for Sale Owner would like to simplify his life.
Description This specialty ethnic grill and market is one of the most successful of its kind in the Austin area! With a good location, accessible from all parts of the city, this business has two lines of business that produce revenue. The first is a casual restaurant that produces a very popular ethnic food, that people from all over the Austin area come to enjoy. The grill has very high rankings across many of the popular web forums, including Urbanspoon, Yelp, and Google. Another source of revenue is the market, which is set up like a grocery store, but provides ethnic shelf food and other specialty items. Sales have increased for three consecutive years to $538,000 in 2011. Seller's discretionary earnings in 2011 were $124,533!
Because of the specialty nature of this business, there are very few comparable businesses in Austin. While this is not the only restaurant that carries this type of food, no one else combines the restaurant and grill the way this one does at this volume of sales. Even people that fly in from out of town will drive straight here due to the high internet rankings.
The owner only advertises through word-of-mouth. So, the all of the growth has happened organically and through the high internet rankings. A new owner could consider some inexpensive, targeted advertising. Also, there is a small amount of catering that is currently done, which could potentially be expanded.
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