Free Standing Mexican Restaurant In South Bay For Sale

Business description

Well established Mexican Restaurant in Free Standing Building in South Bay Business has been established for 18 years with current owner. Business is located in free standing building on corner with great visibility and two parking lots holding about 40 -50 cars. Business has Beer and Wine License and serves full Mexican style Breakfasts, Soups, Salads and full menu of Beef, Chicken, Pork and Seafood Dishes. Business has large screen TV for sport events and full line of beers, wines and Margaritas. Seller works 40 hours and has another Restaurant which serves Italian Food and no longer has the energy to run both. Great opportunity to get an established Restaurant with good customer base and opportunity to grow the business. Seller currently does not do any Catering although has received many requests for same.

Property information

Real Estate:

Lease

Lease terms:

Lease is good for 5 years plus option of 5 years

Leasehold rent:

$6,778 per annum

Location:

Business is located in Free Standing building on Corner with great visibility

Premises details:

Building is 2650 sq ft, free standing with two parking lots and parking for 40-50 cars.

Other information

Expansion potential:

Can expand with advertisement and addition of catering - current owner get requests but does not have the energy to pursue.

Competition / Market:

Business is well established with lots of repeat customers

Support & training:

Seller will Train

Reasons for selling:

Seller has two businesses--wants to slow down a bit after 18 years

Trading hours:

Seven Days per Week, 11AM - 9PM

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$6,000