Mexican Restaurant

Seattle, WA
King County


Asking Price: Annual Revenue:
$160,000 $1,150,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Mexican Restaurant Broker: Oliver Kotelnikov
Owner Financing is Available!
The seller will finance 50% of the transaction for a qualified buyer.

Quick Facts

Asking Price: $160,000
Annual Revenue: $1,150,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 43935781
Broker Reference #: M2019

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Business Overview:

This business is a successful, authentic Mexican restaurant. 25 years in the same location, the business is a local favorite and destination location. The business serves lunch and dinner with the ability to accommodate up to 124 guests.

The menu draws on classic staples of Mexican cuisine. Over the years, the principals have added new menu items and expanded on the original vision of the founders through annual educational and research & development trips to Mexico. Employing a warm & welcoming management philosophy, the business is known for offering guests traditional favorites of Mexican cuisine, their own original Margarita and several unique, house specialty menu items.

The business has an experienced staff with multiple tenures of 15 years or longer. The manager and head chef are paid $15-$17 in hour. The wait staff is paid $11.50 plus tips. The current owner fills mostly an administrative role being responsible for staffing, ordering, and operational bookkeeping.

The business is located in a densely populated Seattle neighborhood. A dedicated on- site parking lot offers business people and families easy access and parking in close proximity.

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Property Features and Assets:

The restaurant occupies a free-standing building and operates out of 3,620 square feet of space. Current rent charges are comprised of $7,454.00 of base rent plus approximately $2,425.00 of CAM charges for a current total of $9,879.00 per month. The owner has a good business relationship with landlord and has recently executed a new 5-year lease with a 5-year extension option.

Reason for Selling:

Retirement

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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