New
Restaurant For Sale in Mid City New Orleans, Louisiana
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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.
Listed By: Joel Duran, CM&AA, M&AMI, CM&AP, CEPA, CAIM, CMSBB
Background information
Reference:
NOLA-0093
Reason selling:
Retirement
Finance
Sales:
$901,999
Operations
Employees:
Full-time: 14 Part-time: 4
FF&E:
$415,000
Inventory:
$11,682
Premises
Facility:
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.
Square footage:
3,000 square feet plus patio
Rent and lease terms:
Rent is expected to be under $9,500 for a buyer, which is to be expected for such a high-quality location. The business has two years left and an additional five years of option. A new owner would have to qualify with the landlord and could potentially obtain a longer lease if desired.
Location:
The business is centrally located in the heart of Mid-City.
Opportunities
Growth:
The area is experiencing significant economic development, drawing new businesses and residents. This growth contributes to higher consumer spending and increased dining out frequency.
Market:
The restaurant enjoys a premium location with substantial foot traffic, attracting both local residents and visitors and ensuring a steady stream of potential customers. There is robust demand for quality dining experiences in this market. The restaurant’s unique culinary offerings and excellent service align perfectly with current consumer preferences.
Price and terms
Listed Price:
Undisclosed
Financing:
The owners will consider owner financing on a case-by-case basis.
Training:
The owner will train a buyer for two weeks and then be available by telephone if needed.