Successful Spanish Food Restaurant for Sale

Business
  • Listing# : 16078
  • Listed Price : $790,000
  • Total Sales : $1,883,724
  • SIC : 5812
  • Down Payment : $630,000
  • Status : Under Contract
  • Discretionary Earnings : $304,941

Business Type :

Restaurants / Specialty Restaurant, Restaurants / Full-Service Restaurants

Business Description :

Very successful and well known Spanish restaurant established in 2005.  They serve classic tapas, covering a sample of the entire Spanish geography.  A wide selection of paellas, meat and fish, which are cooked at the moment. There is a big commitment to gastronomic quality and art, positioning the restaurant as a benchmark in Spanish Food and Flamenco rumba.  They are in the process of installing an outside awning that will improve the patio area.  Loyal staff which is well paid and trained.  Efficient operation that does not depend on owner.  During the Covid-19 the restaurant has managed to do very well and since September the numbers have come back strong.  Excellent reviews in social media.  Owners are looking to go back to their country. 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $30,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $50,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $30,000
    • Incl : Yes
    • Total Assets $110,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

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