Profitable Mexican Restaurant and Bar for Sale!

Not Disclosed, NC
Lincoln County


Asking Price: Annual Revenue:
$1,250,000 $1,287,757

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Mexican Restaurant and Bar for Sale! Broker: Justin Scotto

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $1,287,757
Net Profit: Not Disclosed
Cash Flow: $619,009
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 11
BBN Listing #: 84988096
Broker Reference #: 8581

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Business Overview:

This Family Mexican Restaurant and Bar for Sale is located in Charlotte Market with over 10 years in business is ready for a new owner. The business has had consistent growth year over year. Owner benefit is over $600,000!! This Mexican Restaurant and Bar for Sale is a very well established with a high volume of revenue and has been turning a profit year round. Pandemic proof ! Located off a major highway within a busy strip mall this restaurant has been well-known for serving classic Mexican for over 10 years, many of its employees are long-tenured and loyal. Their authentic Mexican food , signature Margaritas and reputation in the community has given them a loyal customer base. Plenty of take away orders and repeat customers. The area is growing and so are sales! Delivery could be added to increase sales even more. This Mexican Restaurant and Bar for Sale by We Sell Restaurants is 100% Turnkey operation. Currently open Monday - Friday from 11am -10pm and Saturday- Sunday 12pm -10 pm. This Restaurant serves the best Authentic Mexican dishes in the Lincoln County, and the Google reviews validate it! The menu offers Appetizers, Soups, Enchiladas, Quesadillas,Tacos,Burritos, Tostadas, and Seafood Dishes . This Restaurant has a kitchen that includes a huge 16 ft hood system, flat top grill , 6 burner stove, walk-in cooler, walk-in freezer, beer taps and much more. The monthly rent on this Restaurant is $3500 per month. Inside seating holds 135 with both table and bar seating with additional 28 seats out on the patio. This really is a great opportunity for a restaurant owner entrepreneur! This Restaurant for Sale has an amazing Owner Benefit over 700k! Take advantage of the low-interest rates in today's market while they last and lock in a great deal. This Restaurant qualifies for an SBA long-term (10 years) loan with just 20% down.

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Property Features and Assets:

2 SS PREP TABLES 5 FT 2 WIRE WALL RACKS 4 FT 1 ICE MACHINE 1 SS 2 DOOR REACH IN 1 CHIP WARMER 1 SS PREP TABLE 3 FT 1 SS UNDER COUNTER FREEZER SS 4 FT RACK WITH 4 SHELVES 1 SS 3 COMPARTMENT SINK DRY STORAGE 6 SS 4 FT STORAGE RACKS WITH 4 SHELVES 1 WALK IN COOLER IS A FIXTURE 4 SS 5 FT RACKS WITH 4 SHELVES 2 BUS CARTS LINE 1 WALK IN FREEZER IS A FIXTURE 1 PITO 4 BASKET DEEP FRYER 1 GAS STOVE WITH 6 BURNERS AND OVEN 2 SS 4 FT RACKS WITH 3 SHELVES 2 SS 4 FT SHELVES 1 SS PREP TABLE 5 FT 1 FLAT TOP GRILL 1 SS REFRIDGERATOR EQUIPMENT STAND 1 SS 2 DOOR OVEN 1 SS HOOD 16FT IS A FIXTURE 1 SS PREP TABLE 3 FEET WITH SHELF 2 SS PREP SINKS 1 MICROWAVE 1 SS REACH IN REFRIDGERATOR 1 DELI MAKE TABLE WITH REACH IN 1 SS 4 COMPARTMENT STEAM TABLE MISC DISHES MISC POTS AND PANS 3 POS PRINTERS 3 POS STATIONS 1 SS HAND SINK 1 SS 4 FT PREP TABLE 2 SS HOT BAR 1 SS COLD BAR DINING ROOM AND BAR 24 BOOTHS 38 TABLES 7 HIGHCHAIRS 48 CHAIRS 1 FREE STANDING COOLER WITH 2 DOORS 4 BAR TOP TABLES 15 BAR STOOLS 1 SS 2 DOOR REFRIGERATOR 1 WOOD CABINET WITH 3 DOORS FOR DRY STORAGE 1 2 DOOR KEG REFRIDGERATOR WITH 2 TAPS 1 SS COMPARTMENT REACH IN 2 SS HAND SINKS 2 SS 2 FT TABLES WITH 1 SHELF 1 SS ICE BIN 1 42 IN FLAT SCREEN TV 1 MUSIC SYSTEM 1 SECURITY SYSTEM WITH 16 CHANELS PATIO 6 WROUGHT IRON TABLES 2 BAR TOP TABLES 24 CHAIRS 4 BAR STOOLS OFFICE 1 SAFE 2 CHAIRS 1 TABLE 1 SS 3 FT WIRE RACK WITH 5 SHELVES 1 SS 5 FT SS TABLE WITH SHELF 5 FILE CABINETS

Market Competition and Expansion:

Charlotte has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 38.0%

Reason for Selling:

other

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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