Business for Sale Overview:
This restaurant has averaged $1.4 million in gross sales with an average net profit of $162,000 over the past three years. The restaurant is only available because the owner is relocating to the West Coast. This offers a new buyer a truly turn-key opportunity with a desirable client base and expansion possibilities.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Lease Term: There is a five (5) year lease with one five (5) year renewal.
Base Rent: $120,000 annually.
Reason For Sale: The seller is relocating to the west coast.
Concept: Mexican cuisine.
Seating: 250 persons.
Licenses: Full Liquor License, 1:00 AM.
Sales: $1,338,863 in 2007 averaging $1.4 Million over the last three years.
Cash Flow: $123,000 for 2007 averaging $162,439 over the past 3 years.
Price: $300,000. * Financing available with $150,000 down.
Reason for Selling:
Moving to West Coast
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.