Absentee Tex-Mex w/ Party Room for Events

Not Disclosed, NE
Washington County

Near the Omaha area


Asking Price: Annual Revenue:
$260,000 $869,910

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Absentee Tex-Mex w/ Party Room for Events Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $260,000 20% Buyer Down Payment: $52,000 20% Seller Financing: $52,000 60% Bank Loan: $156,000

Quick Facts

Asking Price: $260,000
Annual Revenue: $869,910
Net Profit: Not Disclosed
Cash Flow: $106,610
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 10
BBN Listing #: 626634398
Broker Reference #: RES104

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Business Overview:

With a full team in place including front & back end management this restaurant is absentee owned. They are able to keep up with business with their 22 employees, including a full management team. This local hot spot boasts a recognizable name, positive reputation, and many business expansion options. The location is a steal at $5,000/month in rent for 8,000 square feet! The menu has great options for both lunch (40%) and dinner service (60%) with an additional bar list that includes margaritas, beer, and wine.

The dining room is decked out with a festive theme and has seating for 420 guests. There is also a party room that can seat 100 people, ready for charity events, birthday parties, or work meetings. The building has 8,000 square feet of space and is potentially available for purchase outside the sale of the business.

This business has diversified its income streams including restaurant sales, catering, and retail sales. The main food is Tex-Mex, but the burgers are also a favorite. Those dining-in or carry-out account for 73% of income, while liquor sales are around 12%. Catering is currently a small portion of the annual revenue, so this is certainly and area for potential growth. Retail sales of chips and salsa is another potential area where a buyer could maximize income.

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Property Features and Assets:

Equipment: $108,000: Fully-equipped kitchen and dining area Inventory: ~$20,000: Monthly food and liquor costs Intangible Assets: Community favorite, accessible menu, positive reviews, great atmosphere.

Market Competition and Expansion:

Expand retail sales, increase social media engagement, run specials to bring in customers, build upon current catering opportunities.

Reason for Selling:

Divestment

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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