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Quick Facts
Asking Price: | $189,000 | |
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 #: | 4508 |
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Business Overview:
$PROFITABLE$-Strong SDE Fast Casual Mexican Concept w/Strong Catering Sales! Sales on the RISE!
RRC# 4508
Location: San Mateo County
Description:
Don’t miss this opportunity to buy this wonderful existing concept in an ideal high-traffic location. This 950sf, 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. Sales are UP in 2023!! Owner is making roughly $15,000 a month after add-backs and personal expenses.
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 $4165 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 and on the Rise in 2023, above 2022 sales.
Please request a full equipment list for this space and a tour.
The future is bright for this concept and location to thrive long into the future!
For more information please visit: https://www.restaurantrealty.com/listings/4508/
Financial Information:
Monthly Revenue: $57,026
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info
General Info:
Ownership: Corporation
Established: 1998
Current Owner: 2014
Employees: 6
Reason For Sale: Retirement
Monthly Rent: $4,165 nnns
Expiration: 10/31/22
Facilities:
Square Feet: 950sf
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
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Property Features and Assets:
Square Feet: 950 Seating: 49 Parking: Parking Lot
Reason for Selling:
Retirement
Additional Details:
Documents:
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