Authentic Mexican Cuisine - Prime Hwy 111 location

Not Disclosed, CA
Riverside County


Asking Price: Annual Revenue:
$995,000 $1,799,614

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Authentic Mexican Cuisine - Prime Hwy 111 location Broker: Rick Rayl

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,799,614
Net Profit: Not Disclosed
Cash Flow: $357,875
Total Debt: Not Disclosed
FF&E: $319,981
Real Estate: Not Disclosed
Year Established: 1981
Employees: 25
BBN Listing #: 486055367
Broker Reference #: 86808-748600

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Business Overview:

Are you looking for some of the finest Mexican Cuisine around? Do you want to sit down and relax with an ice cold Margarita after a long day? If you answered yes to any of these questions, then you need to stop by this Central Coachella Valley landmark Mexican restaurant! We have some of the smoothest tequila and best tasting food around. Don't believe us? We have been serving the community since 1981 and they keep coming back for more! Come in and sample the fresh authentic cuisine from our award winning chef.
Boasting a large dining room and full bar, the highlight of this restaurant is the 30 seat, dog friendly patio with architectural inspiration of Mexico.
Owner will consider seller financing.

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Property Features and Assets:

Prime corner unit in strip center with shops, banks, restaurants and a major anchor building. Business was established approximately 35 years ago, the same owner since 2003. Revenue approached $1.8 million in 2017. 2018 sales are up double digits. Well established destination restaurant is the only fine Mexican restaurant in town. Trained & tenured staff of 20-30. Completely equipped and includes assets and equipment valued at approximately $875,000. Owner is willing to consider Seller Financing.

Market Competition and Expansion:

Located at a major intersection of Highway 111, this restaurant generates close to $2.0MM in annual sales ranking it among the highest grossing restaurants in the desert. There are a handful of better restaurants in the area, but this is the best Mexican restaurant in the area. Potential Growth Increased advertising – Television channels 2 and 3 are proven effective spots. Desert Sun Inserts and radio increase traffic. Breakfast – Currently breakfast is only served on weekends. New Construction – New hotel is being erected in town to serve ever increasing events in Indian Wells and the Coachella Valley. New homes being built across the street. Events – Triathalon, Pickleball, Paribas Open Tennis all drive traffic.

Reason for Selling:

Retiring

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.

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