Mexican Restaurants $450K avg. net income RE avail

Not Disclosed, UT

Wasatch Front

Asking Price: Annual Revenue:
$1,200,000 $2,218,174

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Mexican Restaurants $450K avg. net income RE avail Broker: Elizabeth Bellit
Owner Financing is Available!
Some seller financing is negotiable for a qualified buyer.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $2,218,174
Net Profit: $299,878
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $240,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 40
BBN Listing #: 83094931
Broker Reference #: Not Disclosed

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Business Overview:

For 20 years, this 2-location Mexican restaurant operator has served quality food to the Wasatch Front. They provide high-quality, freshly prepared Mexican food served by well-trained, customer-focused employees. There is a full liquor license in both locations, which are in affluent areas with populations that have a high propensity for dining out, from fast food to family restaurants to fine dining. The business is currently absentee-run. The owner gave all employees a pay raise in 2018, which is reflected in that year’s lower net income. Over the last 4 years, the business has average over $450K in net income.

One location seats 250, including 30 on an outdoor patio. The other is a free-standing building on an acre that seats 12, including 20 outside, with an existing but unused drive-through window.

Business could be expanded by increasing marketing efforts via delivery services like Uber Eats and Grub Hub, adding catering, and reestablishing drive-through service in the free-standing location. Real estate is available for $2,550,000, some seller financing is negotiable for the business.

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Property Features and Assets:

One location approximately 5,400 square feet, other location approximately 3,200 square feet.

Reason for Selling:

Other business interests.

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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