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Authentic Venezuelan Restaurant Featuring Empanadas & Arepas

Sarasota, FL
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Asking Price:$99,000
Gross Revenue:$325,000
Rent:$2,030/Month
Established Year:2023
Cash Flow:$68,000
Inventory:$5,000
FF&E:$50,000
Listing ID: 2262386Listing provided by BizBuySell
BUSINESS DESCRIPTION

Profitable Opportunity with Significant Upside!

Excellent Food and Beverages prepared very efficiently for "eat in", takeout, Uber or DoorDash deliveries. Along with Empanadas, Arepas & Venezuelan Hot Dogs, the menu also includes a wide variety of other tasty items: Tequenos and pastelitos along with baked goods such as ham & cheese Cachitos, ham Cachitos, corn Cachapas & cheese, chocolate & craneo croissants, baked puff pastry filled with ham & cheese, ground beef or chicken. Great drink selection including awesome coffee, espresso, caramel capuccino, vanilla lattes (iced & hot) in addition to a variety of Venezuelan sodas & juices.

DETAILED INFORMATION
Location
Sarasota, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
520
Lease Expiration
31/08/2028
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Freezers, display cases, tables, chairs, umbrellas, register, etc.
Competition
Very little competition for these products in the local area.
Growth & Expansion
Definitely growth is viable and the Sellers just made several changes as of November 1st to expedite a significant sales & profitability increase. The hours are Monday through Saturday 8-3 and Sunday 8-2. The menu has been significantly enhanced by numerous additional offerings as well! Larger food storage capacity was also added to accommodate the higher volume and additional items offered!
Support & Training
2 weeks full time at no cost to the buyer
Reason for Selling
Other Business interests
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Lawrence
D. Richards, CCIM
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Lawrence D. Richards, CCIM
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