Upper West Side Mexican Restaurant Priced to Sell!

New York, NY
New York County


Asking Price: Annual Revenue:
$625,000 $2,400,000

Food & Beverage: Bars, Clubs, Nightspots


Request More Information
Contact the Seller

RE: Upper West Side Mexican Restaurant Priced to Sell! Broker: Bob Dunphy
Owner Financing is Available!
$75,000.00

Quick Facts

Asking Price: $625,000
Annual Revenue: $2,400,000
Net Profit: Not Disclosed
Cash Flow: $350,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 22
BBN Listing #: 264435879
Broker Reference #: 6842-71977

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

This is one of the Upper West Side’s favorite neighborhood restaurants… warm, friendly, fun. The atmosphere is a celebration and the staff is quick and attentive. The food is authentic Mexican, the guacamole is great and the bar makes some of the best margaritas NYC. The dining room seats up to 75 plus there are eight seats at the bar and another 18 outside during the season. Portions are generous and prices are very reasonable. The space features a large ground floor kitchen plus an additional 2,000 square feet of prep and storage space in the basement (enough to add catering or prep for a satellite restaurant). All equipment is owned and in good shape. Four Star reviews on Yelp!, Seamless, TripAdvisor, Foursquare and Facebook. The current owner is semi-absentee and is ready to move on to a new project so he has priced it to sell.

Hours: Monday-Thursday 11:30am–11pm, Friday 11:30am–12am, Saturday 11am–12am, Sunday 11am–11pm.

Strengths: Great reputation, including Four Stars on most review sites. Loyal, stable management team. Busy neighborhood location. Outdoor café seating. Includes long lease, FF&E & Leasehold Improvements.

Opportunities: Increase marketing and promotion. Improve delivery and takeout.

Lease: 2,000 square feet on ground floor plus 2,000 sf basement for prep and storage. Rent is $24,000/month plus real estate taxes. Just over nine years remain on the 10-year lease (3% annual increases) plus there is a five year option (4% increase).

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to focus on other business interests. Owner will train for four weeks at no charge. Asking price is $625,000.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other business interests.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!