Listing Number: 76931-269056
Description
Established for over 10 years, this local and tourist favorite restaurant offers a genuine and authentic German cuisine experience. Business has been featured in numerous food publications for both recognition in dishes and baked goods, of which, each segment consisting of ~50% revenue share.
Business has seen steady growth and demand YOY, with increasing revenues and patrons having led to the recent expansion into a new location of ~4,800 SF in 2020. Sale includes FF&E valued at ~$375K and an additional ~$25K in leaseholds.
Café currently operates with 2 chefs who will continue to serve the business after the sale, plus a team of experienced wait staff. Current plans in place to expand into catering services designed too significantly increase revenues and profit. Additional opportunities exist with expanding operation hours, creating a wholesale product line, and partnering with local online delivery drivers / carriers. Owners are seeking sale to return to German to be with family.
Listing Details
- Price: $595,000
- Down Payment: $595,000
- Sellers Discretionary Earnings: $166,996
- Total Sales: $787,962
- Location: Nueces County, Texas
- Inventory: $4,733
- FF&E: $373,533
- Employees: 8
- Year Established: 2011
- Reason for Selling: Health Issues/Return to Germany
- Category: Restaurants
