Established & Profitable, Fast Casual Mexican

Not Disclosed, CA
San Mateo County


Asking Price: Annual Revenue:
$260,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established & Profitable, Fast Casual Mexican Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $260,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 6
BBN Listing #: 944111533
Broker Reference #: 4388

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Business Overview:

Established & Profitable, Fast Casual Mexican Concept with Strong Catering Sales!

RRC# 4388
Location: San Mateo County

Description:
Don’t miss this opportunity to buy this wonderful existing concept in an ideal high-traffic location. This 950 square feet, casual, quality Mexican concept is located directly off a major Peninsula freeway and thoroughfare. In addition to the customer foot-traffic within the strip mall and immediate area, the business has extremely strong catering contacts and catering business. The local businesses and nearby college drive a lot of sales to this trusted eatery and catering kitchen.

This great concept previously had three successful locations, which were sold, and this last strong location is prime for a new buyer and operator to continue the success here.

The current lease rate for this space is $4,165+NNNs, and an incoming tenant can be assigned a long-term lease. The business is run with approximately six employees and the owner, and produces consistent SDE Profitability. It was doing over $1,000,000 in sales pre-pandemic, and now in 2022 the catering sales have returns and volume and profits are back. Please request a full equipment list for this space and a tour.

*Owner has a Type 47 Liquor License for sale for an additional $100,000.

The future is bright for this concept and location to thrive long into the future!

Financial Information:
Monthly Revenue: $57,026
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Payroll: Contact for Info

General Info:
Organization: Corporation
Established: 1998
Current Owner: 2014
Employees: 6
Reason For Sale: Retirement
Monthly Rent: $4,165+nnns
Expiration: 10/31/22

Facilities:
Square Feet: 950
Seating: 49
Parking: Parking Lot
Licenses: Owner has a TYPE 47 Liquor License for sale for $100,000
Days/Hours of Operation: 1030am-730pm daily, closed Sundays

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 950 Seating: 49 Parking: Parking Lot

Reason for Selling:

Retirement

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.

Relevant Links:

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