Seller's Contact Information
- RE: Established 42 Years – Famed Mexican
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $745,000 | |
| Annual Revenue: | $2,343,596 | |
| Net Profit: | $229,760 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1981 | |
| Employees: | 40 | |
| BBN Listing #: | 382211533 | |
| Broker Reference #: | 4463 |
Business Overview:
Established 42 Years – Famed Mexican 2,800 square feet 700 Patio Restaurant - $2.4 Million Annual Sales – ABC Hard Liquor License
RRC# 4463
Location: North Los Angeles County
Description:
SBA loan approved for Well Established (1981) Authentic Mexican restaurant with ABC type 47 hard liquor license and indoor seating for 100 plus a further 35 on the patio. Seller owns the real estate and is willing to commence a new long lease of 10 years three, 5-year lease options to well qualified, experienced restaurant operators at $12,500 monthly rent. There is a 12ft L shaped kitchen type 1 hood with fire suppression system, stove, ovens, steam tables and fryers. The separate prep kitchen houses worktops, mixers and a large walk-in. The dining room tables are mostly booth seating with some table and chairs and high tops in the separate bar area with classic easy to maintain Mexican tile flooring. POS system throughout and an amazing automatic margarita machine in the bar for their #1 seller. The patio is heated and has see-through, roll up curtain walls which includes a mister system for those warm summer days. This is a true example of a real Mexican restaurant with looks and feel. Ample storage on the property but there is also a 500 square feet storage building on site house extra equipment, to go boxes and canned goods.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $195,300
Monthly Cash Flow: $19,147
Annual Revenue: $2,343,596
Annual Cash Flow: $229,760
Annual Payroll: $821,458
General Info:
Ownership: Inc
Established: 1981
Current Owner: 1981
Employees: 40
Reason For Sale: Other Interests
Monthly Rent: $12,500
Expiration: 2033 plus 15 Years Option
Facilities:
Square Feet: 2,800 700 Patio
Seating: 135
Parking: 41
Licenses: Health, Business & ABC Type 47 Licenses
Days/Hours of Operation: Sunday - Thursday 11.00am - 8.30pm. Friday & Saturday 11.00am - 9.00pm Daily
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.
Property Features and Assets:
Square Feet: 2,800 700 Patio Seating: 135 Parking: 41
Reason for Selling:
Other 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
Documents:
Relevant Links:
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