Business For Sale

Profitable Mexican Restaurant for Sale

Coral Springs, FL
Broward County


Asking Price: Annual Revenue:
$120,000 $334,354

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Mexican Restaurant for Sale Broker: Ken Eisenband
License #: BK3249847

Quick Facts

Asking Price: $120,000
Annual Revenue: $334,354
Net Profit: Not Disclosed
Cash Flow: $35,685
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 6
BBN Listing #: 21868096
Broker Reference #: 6590

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Business Overview:

Mexican Restaurant for Sale in Broward County, Florida has great online reviews and authentic recipes. Located in trendy Coral Springs, this Mexican restaurant for sale has had four consecutive years of sales and profit growth.

The owners of the Mexican restaurant for sale built out this space in 2015 and have operated the restaurant since inception. The restaurant has had an increase in both sales and profits every year since being established. The owners benefit in 2018 were in excess of $45,000 on gross sales that approached $400,000. Recent trends indicate that profits in 2019 will be more than $50,000. The room for growth in this restaurant is very good. The restaurant has very good online reviews but no website. Adding an online presence, starting an advertising program to promote the restaurant, implementing a delivery program, and promoting catering services are all untapped marketing opportunities that will greatly add to both sales and profits.

Brought to you by We Sell Restaurants, this Mexican restaurant for sale is located in a big-box retail shopping center. This anchor attracts many customers to the center. The five-mile radius population is in excess of 300,000 residents with an average household income of more than $80,000. Close to SR 7, you will have ample lunch customers for both eat-in and delivery as the highway is home to numerous businesses, car dealerships, offices, etc. that will provide countless daytime customers for lunch and evening business. Other tenants in the shopping center include retail, restaurants, and service providers. The restaurant occupies 2,000 square feet and seats 85 guests inside with another 8 guests being to sit very comfortably on the three outdoor tables. The long term lease is below market value with a monthly rent of $4,300 including all taxes and CAM. The lease expires on October 31, 2019, and there are two five year options attached.

The Mexican Restaurant has all the equipment you will need to operate the current menu or add additional items. The exhaust hood is 16 feet long and the grease trap is in the ground. The kitchen equipment includes a six-eye burner, char-broiler, flat-top, fryer, and candy stock pot burner. There is a walk-in cooler and all refrigeration is commercial grade. The waitress station is equipped with a tortilla press, tortilla warmer and much more. The restaurant is set up to handle high volume and can continue to grow sales and profits. The front of the house is set up nicely with a mix of booths, tables, and bar top seating.

The menu features more than seventy entree items along with appetizers and desserts. The recipes are authentic Mexican as the owners have grown up in Mexico and learned the industry in Mexico. All recipes will transfer with sale and the owner will remain for two weeks of training to assure that the quality remains high. The restaurant has a 2COP license and the bar features a keg box that has three beers on tap.

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Property Features and Assets:

6 bar stools 2 tank beverage dispenser Keg box with two heads and 3 taps Three door low boy glass door cooler POS system Ice we'll 2 freezers Wine cooler 26 tables 21 chairs 10 booths 3 television 3 highchair Glass door cooler Three drawer bread warmer Tortilla press 2 utility carts Ice machine S/s shelving 2 freezer chests Three door sandwich cooler Four hotel pan electric steam table Candy stock pot Flat top Fryer Prep table Walk in cooler

Market Competition and Expansion:

Located in a Big Box anchored shopping center in Coral Springs the demographics in the surrounding area is very strong. Five mile radius of 390,000 residents with household income of $82,000 annually. As third party delivery sites continue to grow, this restaurant is poised for growth by starting to get included in delivery services.

Reason for Selling:

Relocation

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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