Mexican Restaurant for Sale in Gilmer County

Not Disclosed, GA
Gilmer County


Asking Price: Annual Revenue:
$399,000 $824,295

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Mexican Restaurant for Sale in Gilmer County Broker: Steve Weinbaum

Quick Facts

Asking Price: $399,000
Annual Revenue: $824,295
Net Profit: $190,643
Cash Flow: $161,007
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 11
BBN Listing #: 52738096
Broker Reference #: 7355

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Business Overview:

This Profitable Mexican Restaurant for Sale in Gilmer County Georgia Checks all the right boxes. Verifiable Books and Records Show Over $190,000 in Owner Earnings on $800,000 in Annual Sales, a7% increase over 2018. A Low Base Rent of around $14 Per Square Foot or Only 7% of sales and Seven Years of Continuous Operation in the Same High-Traffic Location Make this a Rare Find. Add SBA and Owner Financing Options for a Well Qualified Buyer and you have very desirable Opportunity that won't last. This Profitable Mexican Restaurant for Sale has been open and operating profitably for seven years. The location is in a very busy shopping plaza on a high traffic road. You would think that for a location like this rent would be upwards of $20 per square foot but for this 4000 square foot site that can accommodate 168 guests inside and an additional 25 on their outdoor patio, the rent is less than $5000 per month. We Sell Restaurants is offering this Profitable Mexican Restaurant for Sale that is located just over an hour north west of downtown Atlanta, Gilmer County has a terrific mix of full time residents, businesses, and visitors who visit all tear round for fun outdoor activities such as Apple Picking, Hiking, Antiquing, and even animal farms. Gilmer Georgia is a great place to live full time, own a business, or as a vacation destination. This Profitable Mexican Restaurant for Sale serves all the traditional dishes such as Tacos, Fajitas, enchiladas as well as a full bar that serves up fresh and frozen margaritas and lots of draft beer choices. 2019 annual sales are trending to be $800,000 generating owner earnings of over $160,000. The restaurant is fully staffed and the current owner will train for two weeks to ensure you continue on with the restaurant's successful revenue and profit trends. Don't miss out on owning this extremely successful restaurant priced to sell. Verifiable books and records should easily qualify for SBA lending with as little as 30% down and the owner will consider seller financing for a well qualified buyer.

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Property Features and Assets:

KITCHEN 2 Fryers 2 Grills 24 by 36 1 8 keg cooler 1 beer cooler 1 freezer for beer mugs 1 refrigeration unit 1 6 burner range with oven 1 commercial oven 1 2 burner gas range 1 3 door 72 inch refrigeration unit 1 steam table 3 reach in freezers 1 under counter refrigerator with 6 drawer chef base All shelving All serveware All cookware DINING AREA 32 Tables 3 Bar Tables 58 Chairs 18 bar stools 5 single back booths 13 double back booths 5 patio tables 25 patio chairs security system with 8 cameras 5 TVs Sound system

Market Competition and Expansion:

Established Local Favorite. Open and Operating in Same Location for over 7 years.

Reason for Selling:

Retiring

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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