Mexican Restaurant for Sale - New Reduced Price

Mattoon, IL
Coles County


Asking Price: Annual Revenue:
$199,900 $536,626

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Mexican Restaurant for Sale - New Reduced Price Broker: Robin Gagnon
License #: 327379 FL SL3186444

Quick Facts

Asking Price: $199,900
Annual Revenue: $536,626
Net Profit: Not Disclosed
Cash Flow: $89,501
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1966
Employees: 10
BBN Listing #: 49768096
Broker Reference #: 6892

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Business Overview:

Buy this long-established iconic Mexican restaurant for sale - Reward yourself with a very nice salary and great profits. This incredible restaurant has been in business for over 50 years and is going strong. This is a turnkey situation on a restaurant that has been grossing in excess of $550,000 annually with profits to an owner/operator of $90,000 annually. Customers are amazed as they step into the restaurant's Mexican courtyard and see and feel the stunning interior finishes. The stone walls and floors, the authentic wrought iron gates and warm lighting offer an experience rarely found. Customers are even more amazed at the presentation and quality of their meals. Offered by We Sell Restaurants, this Mexican Restaurant for sale comes fully equipped bar full liquor license with opportunities to grow that part of the business. Additionally, there is a gaming room with over $25,000 a year income with virtually no expenses… just collect the money! This top-rated Mexican Restaurant for sale is in the heart of the action with many retailers in the immediate area. Of course, with a 50-year history, everyone in the area knows this restaurant as it has become a gathering place for friends and family. The current lease is month to month which means that a new buyer will be able to negotiate new terms with the landlord. This space is quite sizable with 244 seats in 4,900 square feet. Because of its size and spectacular atmosphere, this Mexican restaurant for sale by We Sell Restaurants is noted as the go-to place for large parties. Talk about turn-key - the fully equipped kitchen includes a walk-in cooler and walk-in freezer along with free-standing coolers for plenty of cold storage. The point-of-sale system includes three monitors and two registers. There is a long list of additional furniture, fixtures, and equipment enabling you to walk in today and start making money tomorrow with this Mexican Restaurant for Sale The current owner is a great guy wanting to relocate. If you're ready to start running a profitable, successful, beautiful restaurant, the current owner is willing to train you to keep this wonderful Mexican Restaurant for sale running smoothly.

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Property Features and Assets:

5 x 10 walk in freezer 6 x 18 walk in cooler 2 Two door coolers 1 one door cooler Desert display case Double deck convection oven 96 inch flat grill 5 well steam table 2 Storage units 4 work tables Mixer and grinder Point of sale system with 3 monitors and 2 registers Beer keg cooler with 5 taps 3 door bottle cooler 2 door beer mug cooler 1 600 lb Ice maker 1 240 lb Ice maker Chip drawer Can shelf Fryer Gas stove 2 door dishwasher machine 2 ice storage units at the bar Microwave Food line heater

Market Competition and Expansion:

Top-rated independent Mexican restaurant with many fast-food around and plenty of retailer bringing traffic into the area.

Reason for Selling:

Relocation

Additional Details:

  • The property is owned.
  • 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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