Mexican Restaurant and Cantina. First time offered in 29 years! Turn key/Beautifully remodeled in 2005. This is a consistently profitable business from a diverse loyal following and established corporate clientele. Located in a very desirable area with a residential and commercial mix, the business benefits from heavy motorist and foot traffic from locals, tourists and professionals. Consistent with previous years, the business generates over $2,000,000 in annual sales. The business and real estate are pre-approved for SBA financing for a qualified Buyer with 75% LTV 10 year term on restaurant and 85% LTV 25 year term on real estate .The real estate, business name, menu, recipes, branding, ABC 47 license and clientele all included in the sale. This is a once in a life time opportunity to own a 40 year old established iconic restaurant! Full list of furniture, fixtures, and equipment to be provided. Second floor consists of four 600 SF offices and 3 are rented. Back of the house by appointment only and receipt of NDA. FFE doesn't include Sierra National Systems equipment, Calif. State Lotto equipment, nor the pool tables which are leased.

General Info

  • OrganizationContact For Info
  • Established1977
  • Current Owner1988
  • Employees4 FT/36 PT
  • Reason For SaleRetirement

Facilities

  • Seating487 Occupancy limit.
  • Square Feet8296 ground floor. 2640 2nd floor. Lot 17,424
  • ParkingOpen and unreserved.
  • LicensesABC 47, 68, 58; County Health and City Business Permit.
  • Open HoursMon-Thur 11a-12a; Fri-Sat 11a-2a; Sun 9a-12a

Lease

  • RentContact For Info
  • ExpirationContact For Info
  • Yearly IncreaseContact For Info
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue171436
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • 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