Business Overview:
This family run mexican restaurant is known for their large portions, great service and fair prices. The owners have reduced their time at the location as they focus on other ventures and the place is still doing around $1mil per year. They have a great staff in place that is interested in staying with a new owner. They have done limited marketing or advertising over the past year and the guest keep returning. The books and records are in great shape. Over 80 percent of sales is for dinner and they do a great bar business. Food costs are higher than they should be as they owner has reduced his hours and the kitchen runs it self. The location should qualify for an SBA loan with an new owner putting down $120k and still profiting over $120k per year before any sales growth or higher profits. Price includes liq. lisc.
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:
4,000 sq. ft. of space in busy shopping center. Rent is approx $5,100 per month with long lease in place. Seating for over 100 plus 30 at bar. Great kitchen with extensive equipment. Price includes Liq. Lics.
Market Competition and Expansion:
This is the only mexican food restaurant wth a bar in 5 miles. Sellers have done limited marketing and advertising.
Reason for Selling:
Pursue 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.
Resources: