Busy Hang Out Restaurant and Bar with Excellent Location

Financial Information

  • Asking Price: $500,000
  • Gross Revenue: $494,866
  • Cash Flow: $292,255
  • Down Payment: 0
  • FF&E (Included): $75,000
  • Inventory: $15,000
  • Financing: No

Business Location

  • Orleans Parish
  • New Orleans
  • Louisiana
Primary Business Category: Restaurants

Sunbelt Business Brokers of New Orleans presents this long standing busy hang out and "hole in the wall" restaurant and bar for sale in New Orleans, LA. Business has all the energy, excitement and charm of a true New Orleans original establishment. Location is key for any business and this business is located in an excellent prime spot. Video poker brings in a large amount of revenue and cash flow to the business. One of the busiest high traffic pedestrian area sections of New Orleans. Business is a locals "hole in the wall" stop for breakfast, lunch or just to grab a beer and catch up with friends. Restaurant and Bar is highly rated on multiple platforms for great prices, excellent food and convenience. No surprise due to the success of the business. It has been open over three decades. Owner has decided to sell to enjoy retirement. Seller will help train and transition new owner. Contact us today for more information on this busy hang out restaurant and bar today before its gone! Great opportunities like this don't last long!


Support / Training Comments

Available


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1986
  • Franchise: No
  • Year Acquired: 1986
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: 7 days
  • Fulltime Employees: 12
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $12,105
  • Building Size: 2500 sq ft
  • Monthly Rent: $6,000

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Business Listed by

Sunbelt Baton Rouge

Contact: Everist Charles
Office Phone: 225-201-0202
Mobile Phone: 504-495-2891
Listing ID: BATONLA001-N3487

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.