14 years in business as a highly successful Mexican restaurant can now be yours for only $99,000. This includes a high value type 47 full liquor license and a brand new lease. Annual Sales of around $700,000 with 5,300 sq ft, this highly visible corner location is absolutely turn-key. Marble floor entrance, high ceilings, a modern kitchen, seating for 177 and rent at around $1 per sq ft. What an opportunity for the right buyer to make this their very own. Kitchen equipment includes a 20ft type 1 extraction hood, large walk in cold-room, 2 flat tops, 6 burner, deep fryer, 2 Alto-Sham ovens, large mixer, 3 door stand up fridge, 2 reach-in refrigerated work tops, 600lb ice machine, ample s/s worktops. The dining room boasts, 177 seats, private dining room, bar area, security camera system, full ADA compliant restrooms, high ceiling, fully carpeted and a marble floored entry way. There is also a 500 sq ft of basement for office and storage. All equipment is in great working order and the dining room and location are stunning. This is truly a superb opportunity!

General Info

  • OrganizationContact For Info
  • Established1999
  • Current Owner1999
  • Employees7 Full Time, 13 Part Time
  • Reason For SaleOther Interests

Facilities

  • Seating177
  • Square Feet5300
  • ParkingStreet plus car lot nearby
  • LicensesHealth, Business and Type 47
  • Open HoursMon-Fri 10-9 Sat 9-9 Sun 9-3

Lease

  • RentApprox $5,500
  • ExpirationTo be Negotiated
  • Yearly IncreaseTo be Negotiated
  • OptionTo be Negotiated
  • DepositContact For Info

Financials

  • Monthly Revenue$60,000
  • Monthly Cash Flow$7,000
  • Annual Revenue$720,000
  • Annual Cash Flow$84,000
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location