Authentic Mexican Food Restaurant For Sale

Business description

This authentic Mexican food restaurant has been serving both the professional lunch crowd from local office buildings, and the local family dinner crowd, from the same location since 2000.

The restaurant does offer a full-service bar, but only about 10% of total sales come from alcohol. As for the lunch and dinner split, this location does about the same traffic for lunch and dinner.

The current owner has another restaurant within minutes of his home, so he has dedicated all of his time to that other location. Currently, this restaurant is run full-time by a single manager, but in order to grow this operation back to the levels it was performing at prior to the new owner taking over, it needs an owner/operator.

Prior to being sold, this location generated $90,000 in owner’s cash flow, but is now breaking even. The manager is making $34,000 annually, so immediately a new owner would be able to take that salary for their own while building the revenue and profitability back up.

Property information

Location:

The restaurant is located in a retail park adjacent to a high rise office tower. It occupies 4,100 sq. ft. of space and has seating for 100 people. The restaurant has a full-service kitchen and all of the equipment is owned outright and included in the sale.

Other information

Expansion potential:

Simply by having an owner/operator in place, this location will become much more efficient and productive. The previous owner managed the operation daily, which made the restaurant much more successful and profitable.

Competition / Market:

This restaurant is located in an extremely high-traffic location on a major road just off the highway. Also, there are several high-rise office towers in the area that make it a prime destination for business lunches. In the evening and on the weekends, the location lends itself to more of a family atmosphere, which expalins why total sales are split evenly between lunch and dinner.

Support & training:

Seller will provide training as needed

Reasons for selling:

Other interests keeping owner away from this restaurant

Financing available:

Seller financing is available.

Furniture / Fixtures value:

$105,000 (included in the asking price)

Inventory / Stock value:

$4,000 (included in the asking price)