Seafood Restaurant with Real Estate in Jefferson Parish, Louisiana
| Asking Price: | $99,000 |
| Inventory: | $8,000 |
| Real Estate: | $1,000,000 |
| Gross Revenue: | $900,000 |
| FF&E: | $130,000 |
Duran Advisors presents this seafood restaurant for sale with or without real estate. The restaurant is located in Jefferson Parish, Louisiana, and has been open for several decades in the same location. The business is for sale with all equipment, inventory, recipes, and customer lists. It currently has sales of ~$900,000 with very limited hours even though customer demand is higher. The owner is selling due to a death in the family and is currently working only thirty hours a week as the manager. They would prefer to sell the restaurant's equipment and rent the space to an experienced operator, but they will consider a complete sale of the property with the business.
It is an ideal acquisition for a current restaurant owner looking to acquire a new location with an already strong customer base. The owner is flexible on terms so an experienced operator could get into business without a ton of money. It would also be a good fit for a seafood wholesale operation that would like to sell directly to the end consumers of their products. This strategy would allow a buyer to immediately increase profitability and extended hours could increase it even further. There is a large processing area and plenty of freezer and cooler space for inventory.
This business boasts a turnkey space of over 6,500 square feet with a total lot size of ~16,500 square feet or 0.38 acres. The beautifully built-out dining room and kitchen with hood system comprise more than ~6,250 square feet. The seafood processing area, large office suite, and private event space with bar and separate restroom are an additional ~2,250 square feet. The building has a large parking lot and plenty of street parking. The owner will consider lease terms on a case by case basis. The Real Estate was recently appraised for ~$1,000,000 and has been captured with a Matterport Virtual Reality 3-D scan. The VR scan is available to fully disclosed buyers for review as well as a 30+ page Confidential Information Memorandum (CIM).
The property qualifies for bank financing. The right buyer could put as little as 10% down and potentially earn their down payment back in a very short time!?The owner will entertain all reasonable offers.
Come visit this beautiful restaurant, taste the incredible food, and jump on this unique opportunity to own a successful restaurant!
Agent Joel Duran, CM&AA, CM&AP, CEPA, CAIM, CMSBB,?is licensed through Duran?Advisors, sponsoring broker is John Sanderford. Please contact Joel directly for more information at (504) 321-0196.
