Mexican Resturant In Orange County For Sale

Business description

Free standing Mexican restaurant with beer & wine license located On Major Street in Orange. This is a 100% absentee ownership restaurant with increasing revenue for the last 1.5 years. The menu includes soups, salads, tacos, burritos, hamburgers, variety of different platters, & seafood. The restaurant has seating capacity for over 50 guests & it is close to business area with traffics & great visibility.

According to the owner the revenue is increasing every month since opening & he projects to go even higher in near future. The seller believes this is a great opportunity for an owner operator person who can have some limited supervision on the daily basis. The current owner himself has different restaurants which devote his most of his time to them & his partner was supposed to supervise this particular restaurant which he doesn’t. This issue forces them to sell the restaurant.

This restaurant is a limited service restaurant with friendly employees & all the staffs are in place & it seems they like to continue working there. An owner operator will likely increase the sales & profitability of the business.

Annual Revenue: $360,000
FF&E: $60,000 (Included in the price)
Inventory: $4,000 (Included in the price)
Seller’s Discretionary Cash Flow: $36,000
Asking Price: $135,000

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

For more information contact Mehdi Kazerooni,
SUNBELT BUSINESS BROKERS of ORANGE COAST at ------------.
fax: ------------. email: -----@-------------.---

Property information

Real Estate:

Lease

Premises details:

1800 sq ft, $3300.00

Business Operation

Reasons for selling:

partnership issues.

Employees:

Full Time: 2, Part Time: 4

Years established:

2

Other information

Financing available:

Downpayment Required: $0
Monthly Payroll: $4,000

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$40,000 (included in the asking price)