Sold
Kitchen Table Cafe For Sale in Arabi, Louisiana
Duran Advisors presents Kitchen Table Cafe for sale in Arabi, Louisiana. This restaurant has been in operation for seven years. Kitchen Table Cafe is a well-known, busy local cafe serving a diverse customer base from St. Bernard and Orleans Parishes. The cafe is known for using fresh and local ingredients for dishes as well as craft and seasonal cocktails.
The interior square footage is approximately 2,000 square feet, and outside is approximately 3,500 square feet. In 2017, a large outdoor area was paved and landscaped as an outdoor patio, complete with a stage area for live music, performances, and special events.
Annual revenue has increased each year, even with the pandemic. With a loyal following, the cafe remained open through COVID, although limiting the ability for more sales because of dine-in restrictions. The cafe has also survived closures from 2 hurricanes, as well as 2 tornadoes that hit the Arabi community in March of 2022 and then again in December of 2022.
The owners currently work in the business, but the net profit shown in this ad accounts for hiring a replacement for one of the owners; they are ready to sell to enjoy retirement.
A Matterport 3-D Virtual Reality scan of the premises is available for fully disclosed buyers. A digital Confidential Information Memorandum (CIM) is available as well.
Sales in 2022 were 696,332!
The owners will entertain all reasonable offers.
Come meet the owners and experience this cafe's ambiance and unique atmosphere!
For serious inquiries. please call the listing broker, Joel Duran, CM&AA, CM&AP, CEPA, CMSBB, at (504) 321-0196.
Listed By: Joel Duran, CM&AA, M&AMI, CM&AP, CEPA, CAIM, CMSBB
Background information
Reference:
NOLA-0082
Year established:
2016
Reason selling:
Retirement
Finance
Sales:
$696,332
Profits:
$50,000
Profit type:
Discretionary Earnings
Operations
Employees:
Full-time: 1 Part-time: 9
FF&E:
$35,000 company owned $45,000 landlord owned
Premises
Facility:
Approximately 75% of the facilities are fully utilized. There is ample space on the outdoor patio to increase seating from approximately 55 to 75 or more. There is room to expand.
Square footage:
~2,000 Inside ~3,500 Outside
Rent and lease terms:
The space is currently leased for $2,500 per month. There is a five-year lease.
Location:
The cafe is located on St. Claude Avenue in Arabi, Louisiana. The location is just a few blocks from the City of New Orleans.
Price and terms
Listed Price:
$95,000
Financing:
The sellers will owner finance a portion for a well-qualified buyer.
Training:
The owners will train a buyer for a two-week period and then be available by telephone as needed.