Mexican Restaurant with Authentic Mexican Cuisine

NOT DISCLOSED, North Carolina

Asking Price	$219,000	Year Established	2013
Annual Revenue	$491,000	Reason for Selling	The owners recently acquired another business in a non-related industry.
Annual P/L	$0	Attention	Terry Smith
Annual Cash Flow	$88,000	Listing Number	997856
# of Employees	7	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

Established Mexican Restaurant with Authentic Mexican Cuisine

The most popular Authentic Mexican Cuisine in southeast NC. Operationally survived Covid and transformed its business model to be pandemic proof. Well established online ordering system, utilizing all latest services such as Door Dash, Grub Hub, etc... The last several years has built a reputation for excellent catering & event services. The traditional menu has specialties quite like no other Mexican Restaurant, including their signature White Cheese Queso. The menu is complimented with Mexican Beers and home-made Margaritas. The dining area and kitchen have been recently updated with new coolers, painting, and fixtures providing for the new owner to be a turn-key transition. Well-managed cost controls allow a Buyer to enjoy a well vetted vendor list and a 69% Profit Margin for 2022 and the current calendar year. This ideal for an owner-operator buyer with experience in the restaurant industry.

Property Features and Assets:

Market Competition and Expansion:

<p>Catering Opportunities are only limited to the time a new owner wants to invest. A second location in Brunswick County, the fastest growing county in NC, would be an immediate success.<br></p><p><br></p><p>Revenue is consistent at $490K. This is not fast food therefore the quality of the menu makes it a destination dining venue. Only two other similar restaurants between Midtown Wilmington and Carolina Beach. Advertising mainly done via ChowNow.<br></p>

Additional Details: