Seller's Contact Information
- RE: Turnkey Cash Cow Absentee Mexican Restaurant
- Contact: Solomon Padilla
Quick Facts
Asking Price: | $300,000 | |
Annual Revenue: | $720,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $100,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 35,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1976 | |
Employees: | Not Disclosed | |
BBN Listing #: | 151356513 | |
Broker Reference #: | 98126-430490 |
Business Overview:
PRICE REDUCED! Turnkey Cash Cow Absentee Mexican Restaurant
*PRICE REDUCED, MOTIVATED SELLER! ABSENTEE RESTAURANT!*
Seller dropped price from $500,000 to only $300,000 and will take half down and Seller Finance the rest!
An amazing opportunity to acquire a very well established incredible Mexican Restaurant that has been a go-to location and a local favorite for nearly 45 years!
How many restaurants for sale have been in business as a strong local brand for over four decades and stood the test of time? This is a testimony to the strength of this business, Forget the pandemic, this Restaurant didn’t skip a beat and has been turning a profit year-round.
This Restaurant has everything you need to get started on day one!
Located in a highly desirable area in one of the fastest growing areas of the state, surrounded by major names on a very busy street and a local college that swells with tens of thousands of students during most of the year.
The restaurant operates out of an eye catching two story, large building with an extensive bar area, great kitchen, and many seats inside and out, with a very large parking lot.
Since it’s been in business for nearly five decades as a local staple, the restaurant benefits from many repeat customers and loyal customer base. This is a very stable business with Great management in place!
The owner is a very experienced restauranteur who has perfected the food service business model. New menu offerings, efficient staff and preparation protocols, efficient bar (could be expanded), and strong community presence have allowed for year over year growth and steady sales in a very competitive business.
With Management in Place the current owner spends very little time in the business and the business could benefit greatly from a new hands-on owner. Be a hands-on owner or purchase it and reap the rewards with little time investment either way the Return on Investment totally make sense for this once in a lifetime opportunity.
You as the new owner could really dramatically increase revenue on day 1 and grow the business by making a few changes such as investing more time/being hands on, investing in more specials, advertising and marketing a doing a few touch ups on the restaurant.
Interior Inventory, Liquor License, and Brand name is included in this sale. Owner is open to a structure of mutually beneficial Seller Finance.
Here’s a few other awesome benefits of owning this Restaurant:
- Pandemic Proof Business with Current Steady Sales in a Growing Area
- Excellent investment for the future
- Management in Place / Very Little Time Investment / Absentee if you want!
- Grow by acquisition!
- An investment that truly pays for itself
- Great family, accessible, fun business
- Good verifiable books and records make easy financing
- Long established business has a proven success record since the 1970’s!
- Beautiful Two-Story Building, Large Dining Room with an Excellent Bar area with a LARGE Parking lot!
This investment will pay for itself and provide an excellent income for your family. Contact today for more details while this Local Staple is still on the market!
**BUSINESS ONLY OFFERING**
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.
Reason for Selling:
Other business interests.
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
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