Successful Mexican Restaurant In Piedmont Triad For Sale

Business description

This Mexican Restaurant is a great opportunity to get into an excellent location for much less cost than up-fitting and furnishing as a start-up. The business is generating $18-19k revenue per week with lunch accounting for 25% of revenues and dinner accounting for 75%.

The restaurant occupies 5,500 square feet in a high-traffic, highly visible location. Rent is $10,500 per month and current payroll is $16-18,000 per month. A new owner could continue to operate as a Mexican restaurant with a similar menu and present staff, or convert to a new theme and menu.

The business is profitable but the current owner is motivated to sell as he has other interests that make a sale necessary. For more information, please contact Bob Holt at ------------ (office) or ------------ (cell).

Property information

Real Estate:

Lease

Premises details:

5,500 sq ft, $10500.00

Business Operation

Reasons for selling:

Other Restaurant Interests

Trading hours:

Days: Monday-Sunday, Hours: Sun-Thurs 11-10; Fri-Sat 11-11

Employees:

Full Time: 7, Part Time: 9

Years established:

7

Other information

Financing available:

Downpayment Required: $0
Monthly Payroll: $17,000
Financing is Available

Furniture / Fixtures value:

$280,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)