MergerPlace

Cuban Restaurant

Texas (Harris)


  • Asking Price: $398,000
  • Gross Income: $456,994
  • Cash Flow: $189,500
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #200915
  • Established: 2012
  • Employees: 6 FT

Business Description

Very Profitable, well established Cuban restaurant located in an upscale area of Northwest Houston. The restaurant serves Classic Cuban appetizers along with beef, chicken, pork & seafood dishes, all served in a low key, homey atmosphere. Also serving a variety of wines, beers and mojitos.This unique cuisine draws clientele from nearby and outside the Houston area. Cleanliness, Good Service & Fresh Food has helped achieve high Google reviews. Very consistent Revenues and Cash Flow. Please call for a full showing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
County: Harris

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT

Financial Information

Asking Price: $398,000
Gross Revenue: $456,994
Cash Flow: $189,500
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

The facility is approximately 1,700 square feet of space which seats 50, plus small bar area.

Growth & expansion opportunities:

Additional marketing investment should yield a positive impact on revenues. An expansion of the Catering and Events hosting could improve profits. Local Delivery is an area of opportunity the current owner has yet to employ which could provide a substantial addition to revenues and profits.

Competition:

There are other eateries in the area, most being chains and franchises. The Cuban cuisine and atmosphere sets this restaurant apart from any other nearby restaurants. That is why it draws clientele from well beyond the traditional market scope of most restaurants.

Reason for selling:

Owner wants to move back to Florida.

Support & Training:

Will train for 2 weeks @ no cost. Wine and beer licensed. Catering. Event hosting.

Contact Business Seller

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Business Listed By:

Steve Herrera

Murphy Business Brokers