Business Overview:
THIS IS A GREAT OPPORTUNITY! THIS RESTAURANT HAS BEEN AT THIS LOCATION FOR 15 YEARS. H. Alan Welles Real Estate is pleased to present this popular local Latin restaurant.
This business is located in an anchored plaza, with local and national tenants as neighbors. The restaurant has been at this location for over 15 years and is built out in 1,500 total square feet, seating for 40 plus small bar area.
The FF&E is estimated at $45,000 plus the leasehold improvements of $8,000. The inventory is estimated at $5,000 +/-. Current gross sales estimated at $ 240,000 yearly, with Sellers Discretionary Earnings of $48,000 per year (owner to prove).
This business has a loyal clientele, but there is room to improve the business by developing the evening base by adding more small venue entertainment, to increase beer and wine sales.
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:
Zoning: General Commercial Restaurant. Square footage: 1,500. Parking: Shared Plaza common parking. Rent: $2,600 per month. Electrical: $1,200; Water: $130; Gas: $350; Phone: $15.
Market Competition and Expansion:
This business has a loyal clientele, but there is room to improve the business by developing the evening base by adding more small venue entertainment, to increase beer and wine sales.
Additional Details:
- The property is leased.
- The owner is not 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.
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