NOT DISCLOSED, New York
| Asking Price |
$399,000 |
Year Established |
2015 |
|
| Annual Revenue |
$1,500,000 |
Reason for Selling |
Absentee owner. |
|
| Annual P/L |
|
Attention |
Ziggy Marszalek |
|
| Annual Cash Flow |
$150,000 |
Listing Number |
980287 |
|
| # of Employees |
24 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
This popular Mexican restaurant and bar is located in one of the most sought-after towns in Nassau County, Long Island, New York. As a full-service, casual Mexican kitchen, it offers high-quality Mexican cuisine complemented by a vibrant bar scene and a popular happy hour. The establishment occupies 2,000 square feet, featuring 60 dining seats and a 14-seat bar area.
Established Reputation: Well-known for excellent food and service.
Diverse Revenue Streams: Income from indoor dining, outdoor dining, take-out, curbside pickup, delivery, private events, and catering.
The seller is motivated for a quick deal. This is an excellent opportunity for an entrepreneur to acquire a thriving restaurant with a strong customer base and significant growth potential.
Property Features and Assets:
<p>Prime Location: Situated in a desirable area with high foot traffic.</p><p>Ample Seating: 2,000 SF. Accommodates a significant number of guests both in the dining area and at the bar.</p><p>The restaurant is equipped to host private events and offers catering services, adding significant value and attracting a broader customer base.</p><p>Long Lease Term: 13 years remaining on the lease at an affordable rent of $6,500 per month.</p>
Market Competition and Expansion:
<p>Growth Potential: Opportunity to increase revenue by expanding operating hours to include lunch and brunch services. The business currently operates only during dinner hours. Expanding to include lunch and weekend brunch could substantially increase revenue. Additionally, increased marketing of private events and catering services could further enhance profitability.</p><p>Operational Efficiency: Currently operates only during dinner hours, indicating potential for growth.</p><p>Absentee Ownership: The restaurant is successfully run without the owner’s daily presence.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity