Opportunity to purchase an Established and Profitable Mexican Restaurant with a long history and Goodwill!
Over $120K Annual Owner Benefit!
Menu: Mexican fare Dine in & Take out.
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QSR set up with a Nice Dining area.
End Cap Unit with Lots of Windows and Excellent Viability as the space is street side! Awards and Great Reviews Too!
Good location: Nestled in a Smaller and busy retail center this restaurant enjoys steady foot traffic and loyal regulars.
Established reputation: For many years, they've been serving up mouthwatering dishes and the online reviews are bursting with satisfied amigos!
The menu that sizzles: From classic favorites!
Ready to grow: With a solid foundation in place, this restaurant is primed for expansion.
Kitchen: Comes with an Ansul hood system & equipped with all the necessary equipment to serve breakfast, lunch, and dinner.
Currently serving Lunch and Dinner.
Lease: The rent is reasonable.
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$4,139.
84 Base Rent, NNN $1,176.
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Total Rent $5,314.
94 per month.
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approx.
1,200 sq.
ft.
Highlights and Upside:
Good Reviews
Catering
Mostly Absentee
Good Parking
A loyal team of employees who know the secret to making every guest feel like family.
Sales 2023 Annualized Gross Sales $1,082,654.
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Seller financials and taxes have not been completed for the 2023 tax year.
Monthly Sales average over $90K per month!
Asking Price: Serious buyers are invited to inquire for details.
The asking price reflects the value of the business, including its location, established brand, loyal customer base, and fully equipped facilities.
Shared: The bathroom is only accessible via the door shared between the Liquor Store and the Restaurant.
PGE is shared with Tenant 1 (Listed Restaurant for sale is Tenant 1A).
Tenant 1A pays 40% of the monthly PGE bill to Tenant 1.
Tenant 1A pays 90% of the gas portion.
Reason for selling: The current owner is seeking to pass the torch to an ambitious entrepreneur who shares a passion for Mexican cuisine and a commitment to maintaining the restaurant's legacy.
SBA loan may be a possibility for an experienced operator.
NDA and a buyer profile will need to be submitted showing proof of funds for further details regarding this opportunity.
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