Beachside Mexican Restaurant REDUCED For Sale!
Not Disclosed, FL Brevard County
Beachside
Seller's Contact Information
- RE: Beachside Mexican Restaurant REDUCED For Sale!
- Contact: Dan Carelli
- License #: BK3540774
Quick Facts
| Asking Price: | $375,000 | |
| Annual Revenue: | $1,347,476 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $135,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 174,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1989 | |
| Employees: | 28 | |
| BBN Listing #: | 234464136 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Here is an excellent opportunity to acquire a profitable, high-volume, highly-rated beachside Mexican restaurant and lounge. Due to very recent investments throughout the operation, this business could not be replicated at this selling price. But changes to the health situation of the owner allow you to step in and take over a well-run, turnkey-operating dining establishment.
Serving up “California Style” Mexican cuisine in a clean, casual atmosphere, it’s become well-known as a local family favorite for over 34 years. In addition, its distinctive outside appearance and great location easily draw in tourists and out-of-town visitors from the many nearby beachfront hotels and resorts along Florida’s beautiful A1A coastal highway.
The kitchen and waitstaff are thoroughly knowledgeable in their tasty menu offerings and are “second to none” in servicing their guests. The bartending staff is equally skilled at delivering a great bar experience keeping it exceptionally popular with the “regulars.”
The physical facility also features many recent capital and esthetic improvements such as...
• Brand new outside patio seating
• Updated lounge décor
• Video entertainment system
• New air conditioning system
• Kitchen grill and freezers
• Latest POS Management System
An experienced operator will quickly recognize the potential to significantly grow the profitability of this already profitable restaurant and lounge.
The owner is motivated to sell due to their health conditions and will therefore only consider financially qualified buyers with successful industry experience.
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Property Features and Assets:
5 year lease, $7,000 base NNN. Option to renew and right of refusal on rent.
Market Competition and Expansion:
No major competition. Long-established business is well known by the local beachside community. Wages are 39% of gross revenue. COGS 39%. Strong management should be able to operate both variable costs at 60-65%%. This would add “mucho más” $$$$$ to the bottom line.
Reason for Selling:
Health Condition
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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