Thirty-Nine Year Old Mexican Restaurant For Sale

Business Overview:

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A thirty-nine-year-old restaurant for sale that has great visibility and a loyal customer base, which has been in the same location for over fourteen years serving tasty Mexican foods and drinks to their community.

The owner is looking to retire, which is a perfect opportunity for a buyer with/without restaurant experience to take over this iconic restaurant that has a great reputation and a ready-made staff to support the new owner. The owner is willing to seller finance a portion of the acquisition to the right buyer, which is subject to final approval.

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Property Features and Assets:

Monthly Rent: $3,750.00 Square Units (Foot, Meter): 3,000 Lease Expiration Date: February 28, 2028, 10:00:00 PM Terms Options: She has been on five-year terms since 2008. She renews every five years. The current lease started February 1, 2023 for five years. In February 2026 The rent will be increased at 3800 per month. Facilities:The building is 3,000 square feet. The rent $3,750 per month. Base rent $3,292.73, CAM fee $218.88 a month, real estate taxes $120.89 a month and insurance for landlord is one $117.50 per month.

Market Competition and Expansion:

Growth opportunities: New owner may stay open on Sunday and Monday. A new owner may resume catering activities and bottling salsa products while selling it online or at the store. New owner may use independent contractors to deliver to go orders.

Reason for Selling:

Retirement

Additional Details:

Documents:

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