Turn Key Taqueria In San Mateo County For Sale

Business description

Turn Key Taqueria- $96k Profit- Perfect For Family Operation- Reduced!

Asking Price: $195,000
Location: Mid-Peninsula Location, San Mateo County, California
Yearly Revenue: $420,000
Yearly Cash Flow: $90,000
Monthly Rent: $5,423 all inclusive

LISTING DESCRIPTION:
With close freeway proximity, this modern, well designed restaurant features a full display line kitchen, a prep kitchen, efficient order pick up and take-out counter, and an on site dining area. The dining area’s table and chair seating is well lit, has a lively color scheme, has all tile flooring and decorative Mediterranean accent tiles, outdoor views. The display line kitchen has 9’ type 1 hood, char grill, 4‘-griddle, two panini grills, two 4- pan steam tables, microwave, tortilla steamer and food warmer. There is a 2-door salad prep fridge, a 2-door beverage merchandiser, 4-drawer under counter fridge, a POS system, butcher block and stainless work tables, and multiple floor sinks. The separate prep kitchen also has a 9’ type 1 hood, two stock pot burners, 6- burner range with oven and a double fryer. Additional equipment includes a walk in cooler, a 1-door freezer, food processor and blenders, ice machine, dishwasher, 1-compartment and 3- compartment sinks, hand and mop sinks, employee lockers and wire rack shelving units. The entire restaurant is wheelchair accessible, has 2 ADA restrooms, and there is ample parking. The business generates an approximate $8,000 monthly profit despite being operated with the owner absentee. A buyer working 50 hours per week hands on in the business would reduce the monthly payroll expenses by roughly $43,000. The 10 year lease has approximately 7 1/2 years remaining, and two 5 year options. The all inclusive rent includes water and sewer charges for the restaurant. Overall, this is a very efficient operation and a turn key opportunity in every sense, with upside to increase sales and profitability with the addition of catering and expanded breakfast hours.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2008 | Current Owner: 2008 | Seating: 50 inside | Square Footage: 1689 | Parking: Street and parking lot | Licenses Required: Business, ABC Type 41 (Beer & Wine) | Days Open/Hours: Mon-Sun 8a-9p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $420,000 | Yearly Cash Flow: $90,000 |

LEASE INFORMATION:
Monthly Rent: $5,423 all inclusive | Lease Expiration: march 2018 | Yearly Adjustment: Negotiable | Lease Option: two 5 year options |

FINANCING INFORMATION: