Business for Sale Overview:
Mexican steakhouse with entertainment, dance floor & full liquor license in Orange County. This is a free standing building with over 6,000 Square Feet of space plus Patio, with great ample parking, & is close to 2 Free Ways. This is a destination place for many of their customers. They have a reputation for great food & service, and one of the best Mariachi band in the area.
Just about 4 years ago the owner spent over $275,000 to remodel the entire restaurant in all Mexican themes. They also feature Polynesian & Hawaiian nights with their special fiestas, once in awhile, arrange Tango dance, Mexican dances & flamingo dance, also host many different companies’ parties, birthdays, & weddings.
Their monthly revenue has been as high as $100,000 or more in a month just in the last couple of years. The owner has opened other restaurants and do not have enough time to devote & focus on this restaurant & sales gone down partially because of economy & partially has to do with the owner’s limited time & attention to this property.
The restaurant could be converted to other type of restaurant operation if someone desires so.
Annual Revenue: $600,000
Furniture, Fixtures & Equipment (Included in the price): $60,000
Inventory (Included in the price) $7,000
Seller’s Discretionary Cash Flow $40,000
Asking Price: $200,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
6,400 square feet - rent $9,000. lease expires 2010 - 5 year option. ample parking.
Reason for Selling:
other ventures.
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.