Authentic Mexican Restaurant With Lively Bar For Sale

Business description

This long-established Mexican restaurant comes equipped with a full bar (type 47 ABC). It has patio seating, live music on select evenings, a banquet room, and a 250+ person capacity. In addition to a type 47 license, this business also has a type 58 for catering events. Rent for the size and area is very reasonable, and a new lease is available. The current owner has a full-time job and can no longer balance it with management of the restaurant. Seller financing is available. This is an excellent business for an experienced restaurant owner/operator.

Property information

Real Estate:

Lease

Leasehold rent:

$5,342 per annum

Location:

The restaurant is located in a popular shopping center

Size in square feet:

3,300 square feet + patio areas

Business Operation

Reasons for selling:

Seller has a full time job and can't handle both the business and the job.

Trading hours:

Tues - Thurs 11:00 to 9:00; Fri & Sat 11:00 to 10:00; Sun 9:00 to 9:00

Employees:

5

Years established:

1984

Other information

Support & training:

Seller will provide 4 weeks training at 15 hours a week.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller will carry a note for $40,000 for 48 months at 6% interest.

Inventory / Stock value:

$4,000 (included in the asking price)