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Popular Argentinian Restaurant In Texas For Sale

Texas
Asking Price:
$449,950 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$592,921 (USD)
Cash Flow:
$169,489 (USD)

We’re pleased to present this really rather special family-run restaurant offering authentic South American cuisine with a unique blend of ambiance, delicious unique recipe meals and exemplary customer service for your family dinner or business lunch.
Additionally, there is a small grocery operation, retailing Argentinian food products to customers which accounts for 20% of gross sales.
Live music performance is provided on Friday evenings
Reservations are required for up to three weeks in advance

Property information

Location:

This business was opened in 2010 and has been steadily building a reputation as a go-to restaurant for delicious cuisine, quality and consistency of freshly prepared meals and excellent customer service.

Business Operation

Expansion Potential:

Currently, the restaurant does not hold a beer & wine license. Corkage charges on BYOB generate $1,000+ per week—this could be significantly increased with the sale of beer and wine [conservatively estimated at an additional $100k per year.]
Grub Hub orders account for 20% if sales revenue . . . Adding additional on-line ordering platforms would produce revenue growth.
Further enhance the restaurant’s social media presence.
Seating capacity could be increased by the addition of a further exit. Currently there is only one access door and fire marshal has limited capacity to 40.

Competition / Market:

Well established with loyal customers
Located in a busy strip center.
Quality and freshly prepared meals with unique recipes
Favorable lease terms with low rental
Live music / performer on Friday evenings
Spanish, Venezuelan, Chilean, Argentinean cuisine

Reasons for selling:

retiring

Employees:
6

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Information

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