Turn-Key Mexican Restaurant- Thriving Business!

Eastern Iowa, IA


Asking Price: Annual Revenue:
$57,000 $290,917

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Turn-Key Mexican Restaurant- Thriving Business! Broker: Megan Cox

Quick Facts

Asking Price: $57,000
Annual Revenue: $290,917
Net Profit: Not Disclosed
Cash Flow: $48,876
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 6
BBN Listing #: 437143542
Broker Reference #: QUADCIL001-N518

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Business Overview:

Here is a great opportunity to buy a turn-key Mexican restaurant that offers uniqueness and charm. El Toro La Cantina Mexican Restaurant located in Clinton, Iowa is an established business for sale that has been thriving in its location for over 26 years. Their revenues continue to increase year after year. The current owner has plans to retire and is looking for a qualified buyer to help continue taking care of their loyal customer base. This authentic Mexican restaurant offers a welcoming experience for all of their customers. They serve traditional Mexican cuisine and a full-service bar. This is an all- season business. El Toro has proven to be completely “COVID-proof”. They have not been negatively affected by the pandemic. It is actually the opposite… they have been extremely busy with increased sales. Their dining room is open for business as well as offering take-out orders (including their well-known Margaritas to-go). They have had some very large catering orders through word of mouth. A new owner could market the catering abilities which would certainly increase revenues even more. Buyer qualifications would include restaurant management and people skills. This opportunity is for someone who has the drive to continue to grow a business and build on the great reputation that has been established. All furniture, fixtures and equipment as well as inventory will be included in the sale. The owner is willing to help train during a transition period to be agreed upon with the new owner. Real Estate is included in the asking price for a Fair Market Value of $185,000. For more information about this opportunity to own El Toro La Cantina Mexican Restaurant, please contact Megan Cox at megan.cox@sunbeltnetwork.com or 563-940-1255

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Reason for Selling:

Retirement

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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