Upscale Mexican Restaurant In St Lucie County For Sale

Business description

Upscale Mexican doesn't even begin to describe this beautiful 146 seat dining room. Private dining, Beer, Wine Margaritas & Sangria. Serving all the traditional Mexican & also American dishes. This is not your typical Mexican Restaurant! Set in an area with disposable income, hotels, and sporting events. POS system in place, kitchen immaculate, imported furniture, hand painted pictures. On track to do near $700k for 2011, $650K 2010, $700K 2009. May consider working partner with investment. Financials are for seven months.

Property information

Real Estate:

Lease

Lease terms:

Lease/Month: $5495
Square Footage: 2500
Building Type: Strip
Terms & Options: Neg.
Expiration Date: 3/31/2012

Premises details:

Building Type: Strip
Square Footage: 2500
Leasehold: $290,000

Business Operation

Reasons for selling:

Wants to retire or work less

Trading hours:

7 Days 11:00am to 10:00pm

Employees:

4FT/9PT

Years established:

4

Other information

Support & training:

Seller will train buyer for two weeks at no cost to buyer

Owner financing:

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

Financing available:

Seller Loan: $150,000
Mos: 36
Rate: 8%
Mo Pmt: $4,700.45

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)