Tupelo Data Room
American Restaurants, Other Restaurants & Food
Active

Nationally Acclaimed Historical Restaurant & Events Venue w/Iconic Real Estate

New Orleans, Orleans County, Louisiana, United States
Asking Price$4.20m
Revenue$1.89m
EBITDA$526k
Cash Flow-
Description
Sunbelt Business Brokers of Baton Rouge presents this rare opportunity to own a nationally acclaimed historical restaurant & events venue housed in an iconic & historic building in New Orleans, LA. Every few decades a rare piece of architecture, history and thriving business comes to market that is available to acquisition, this is that opportunity. Located in America’s Culinary capital, New Orleans, LA, this rare opportunity can a crown jewel of any restaurant groups or private chefs’ operation. Restaurant is housed in a historic building with deep ties to the city of New Orleans and its history. Business and property have been featured in several national and international publications, television specials and more. Its notoriety stretches far past the city of New Orleans into many national and international circles. Current owners are absentee and looking to pursue their energy into other projects they have operating. Business is primed for new ownership to expand its profitability and growth. Due to the business’s location, it can easily pick up tourist and local traffic alike. The ambiance and setting are unlike almost any other out there. To start a project from scratch like this would take millions to undertake, if even replicable. The venue can be multi-faceted in roles it can play and service. Customers currently come from all over the city and world when in town to visit. Current bookings are being turned away due to overflow and lack of support staff. An owner operator or strong manager in place could quickly handle this. Even without proper staff optimization business has sustained strong financial strength, even through the Covid-19 pandemic with a bright future ahead. Act fast before this opportunity is off the market. Owners will consider all reasonable and serious offers. Owners are motivated to sell and can act fast. A non-disclosure statement (NDA) and financial form will be required to be completed before any information can be released. Contact us today before this great opportunity is sold.
Real Estate
OwnedIncluded in Asking Price
Building Size: 4000 sq. ft.
Furniture Fixtures & Equipment
$100k
Inventory
$20kIncluded in Asking Price
Business is
Absentee Owner
Number of EmployeesFull-Time: 20
Reason Selling
Other Business Interests
Support & Training
Available
Asking Price$4.20m