Restaurant For Sale in Mid City New Orleans, Louisiana

New Orleans, LA

Seller Financing Available

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Asking Price:$150,000
Inventory:$11,682
FF&E:$415,000
Gross Revenue:$902,000
Rent:$9,389
Established Year:2016
BUSINESS DESCRIPTION

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.


DETAILED INFORMATION
Location
New Orleans, LA
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
31/12/2026
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
The restaurant enjoys a premium location with substantial foot traffic, attracting both local residents and visitors and ensuring a steady stream of potential customers.
Growth & Expansion
The area is experiencing significant economic development, drawing new businesses and residents. This growth contributes to higher consumer spending and increased dining out frequency.
Financing
The owners will consider owner financing on a case-by-case basis.
Support & Training
The owner will train a buyer for two weeks and then be available by telephone if needed.
Reason for Selling
Retirement
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Joel
Duran
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Joel Duran