Business For Sale

Business Overview:

Former major Latin franchise restaurant recently converted into a private enterprise with the same concept. The seller is ready to retire! Asking price is $435K and this price is slightly negotiable. Size: 2,025 SF; Operation: 7 days per week; Lease: approximately 7 years left on the lease with 3% annual increase; no liquor & no wine and beer served. The catering business is also about 10% to 12% of the total revenue. Must contact the exclusive broker for all showings, inquiries, and must be discreet throughout the whole showing process. To make an appointment, please contact the exclusive broker, Thomas, at 917-837-1607. By the owner's request, under no circumstances should you ask any specific questions about the business to any of the employees. Any applicants who violates this request will automatically be disqualified from the bidding process.

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:

All kitchen equipment, computer system, and furniture will remain at the restaurant with the new buyer. Size: 2,025 SF. Operation: 7 days per week. Lease: approximately 7 years left on the lease with 3% annual increase, additional 5 year option. No liquor & no wine and beer served. Kitchen: all stainless steel appliances. One month training will be provided to the new owner upon request.

Market Competition and Expansion:

With the franchise exclusive agreement, the competition will be protected and this latino (Mexican) food is gaining much popularity over the years. The expansion possibilities are wide open with this exclusive right agreement with the franchise headquarters to collect 2% of future gross revenue with new franchise openings within 2 mile radius of this existing restaurant.

Reason for Selling:

Ready to retire.

Additional Details:

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