Business For Sale

Semi-Absentee Mexican Restaurant Norwalk CT

Norwalk, CT
Fairfield County


Asking Price: Annual Revenue:
$599,000 $1,850,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Semi-Absentee Mexican Restaurant Norwalk CT Broker: Henry Galasso
Owner Financing is Available!
$100,000

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,850,000
Net Profit: Not Disclosed
Cash Flow: $304,056
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 20
Employees: 18
BBN Listing #: 227635273
Broker Reference #: 11498

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Business Overview:

Amazing opportunity to own this SEMI-ABSENTEE Mexican Restaurant in Norwalk, CT. This business had been open over 20 years and does $35,000 a week in sales. The owner spends only 20 hours a week in the restaurant MAX. They currently have a verifiable cash flow of $244,000 a year, which does NOT include the owner’s $60,000 per year salary, making tru cash flow $304,000. There is also additional opportunity for an owner operator to reduce expenses, because restaurant has a General Manager, 3 assistant managers, and an owner's assistant. The owner is willing to hold a small note which could include inventory. All the numbers are 100% verifiable through the owners P&L statement. Please have POF ready, before asking to see the P&L. Hurry this listing is priced to sell.

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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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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