Owner Financing is Available
Business for Sale Overview:
This Mexican Restaurant is currently being operated by a manager. The $111,000 of net cash flow includes the add-back of the manager's salary of $35,000 per year. The menu is simple. The restaurant, which has a #12 liquor license, is located at the intersection of two major thoroughfares in the North Central part of Tucson. Although the current sales volume of $485,000 is relatively high for a 1,600 sq. ft. facility, this business did $680,000 in sales in 2003, when the owner "worked" the business.
Disclosure: This business is being marketed for sale by Michael C. Abbinante, of Abbinante & Co. Michael C. Abbinante is a licensed real estate broker in the State of Arizona.
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:
This 1,600 sq. ft. facility is a free standing location, which seats 33 patrons. It also has a large patio, which has an additional 50 seats. Lease expires April 30, 2011. The restaurant, which has a #12 liquor license, is located at the intersection of two major thoroughfares in the North Central part of Tucson.
Market Competition and Expansion:
Growth and Expansion: Currently, this business is being operated on an absentee owner basis. It is believed that an owner/operator can do better than a manager. In addition, the business is open for lunch and dinner. It is thought that serving breakfast will dramatically increase volume.
Reason for Selling:
Seller has two other businesses.
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.