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Unique Opportunity Well Known Puerto Rican Family Restaurant For Sale

Puerto Rico
Asking Price:
$1,750,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
$100K - $250K (USD)

Profitable family restaurant and property

Established 60+ years, serving typical Puertorrican food; famous original recipes, which offer excellent franchising potential. Fully operational. Business, original secret recipes and property included. Enough space for expansion potential for other activities, including weddings, business meetings, "bohemian nights", artistic and cultural events. Up to date business patents, taxes, and health, fire department and liquor licenses.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Location:

Easy access to main highway in both directions

Premises Details:

Buildings comprise approximately 12000 sq feet on 1.8 acres, ample parking space, including activities room with independent full kitchen that could serve as a second theme facility and main dining area (may sit up to 80) with surrounding expansion areas that may seat over 200 guests. It has a backup diesel generator and potable water cistern(1500+ gallons) and water pump.

Business Operation

Expansion Potential:

Hours of operation can easily be expanded again (scaled down after Hurricaine Maria), which can easily double the gross income. Land space amenable for expansion or new features. Franchising or partnering potential of original recipes that have not been successfully duplicated.
Current facilities have been marketed and used for business meetings, cultural events (artistic events, book readings, crafts fairs, as well as the usual weddings, holiday events, family parties, etc). The full potential for these have not been exploited. The activities room/building has a full kitchen that can be utilized as a second theme business/restaurant to complement the existing one.

Competition / Market:

Many have tried to imitate our recipes but nothing like the original ones, as our clients attest when coming back to our restaurant. We are visited mostly by clients coming from different parts of the island, and from all over the world. Neighboring restaurants cater more to the local clientele and most offer a different type of menu.

Reasons for selling:

Retirement.

Trading hours:

Wednesday to Sunday

Employees:
15
Years established:
60

Other Information

Support & training:

Owner willing to train and support, to be negotiated.

Furniture / Fixtures value:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD) - included in the asking price
Related Documents:

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