Listing Number: 76931-752404
Description
This is an asset sale and will have limited financials available. The Indian restaurant for sale boasts a prime location on a heavily trafficked street, with proximity to a medical area hosting tens of thousands of potential customers. Situated at a corner, the restaurant offers ample parking and spans 2770 sqft, accommodating 65 guests in the main dining area and 30 in an unused party room, with an additional 20 seats available on the covered patio. The fully equipped kitchen is primed for immediate operation, following a recent remodel that introduced a versatile new design capable of adapting to various culinary styles.
The owner's personal circumstances necessitate the sale, despite having purchased and remodeled the restaurant in April 2023, followed by its opening in September. Despite minimal marketing efforts, limited to the website, the restaurant has generated $157,000 in revenue, focusing solely on traditional vegetarian options and eschewing alcohol and delivery sales. The furniture, fixtures, and equipment (FF&E) are valued at $68,425, with an asking price of $100,000, representing one-third the cost of opening a restaurant from scratch under current prices.
The ideal buyer is a cash purchaser with experience in restaurant management, poised to capitalize on untapped opportunities. Recognizing the potential for expansion, including adding meat options to the menu, exploring catering to the medical area, and obtaining liquor and beer licenses while leveraging online delivery platforms through strategic marketing campaigns, the right buyer will transform this restaurant into a thriving establishment. This presents a unique opportunity for ambitious individuals to establish a destination eatery, surpassing typical competition (which is mostly fast food) and driving profitability to new heights.
Listing Details
- Price: $100,000
- Down Payment: $100,000
- Sellers Discretionary Earnings: $-11,800
- Total Sales: $77,300
- Location: Bexar County, Texas
- Inventory: $2,300
- FF&E: $68,425
- Employees:
- Year Established: 2023
- Reason for Selling: Relocation
- Category: Restaurants
