SBA pre-approved for a long term loan. Experienced buyers with good credit would qualify for a 75% loan based on the asking price. 10 years in the same ownership, this highly successful 2700 sq ft restaurant & bar also has a ABC Type 47 full liquor license all set in a great location. There is a long lease remaining with low rent for the area. Customer reviews:- "The food is consistently delicious. The guacamole is particularly good but try the Molcajete (definitely for sharing)! Tonight I am trying the shrimp cocktail and it is delicious. They also have a full bar with great margaritas and house wine for $6.50." & "Very nice ambiance, romantic, intimate, and warm. Live band plays in back corner. Best salsa verde I've ever had. Prices are reasonable. Service is good. The Tacos were absolutely delicious!" There is a full kitchen with type 1 hood and fire suppression system which is open to the dining room and all the equipment is included with the sale. The bar seats 10 plus 80 in the dining room and a further 25 on the patio, totaling 115. The dining table settings are extremely attractive with long Banquette seating along with the high ceiling, giving this restaurant & bar an upscale atmosphere. The owner is semi-absentee and most of the employees have been here many years. Good books & records with verifiable financials with growing sales & growing revenues. Please complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationPartnership
  • Established2008
  • Current Owner2008
  • Employees22
  • Reason For SaleOther Interests

Facilities

  • Seating90 Indoors + 25 Patio
  • Square Feet2700
  • ParkingParking Lot 100+
  • LicensesHealth, ABC Type 47 Full Liquor Licenses
  • Open HoursSunday-Thursday 11am-9pm Friday & Saturday 11am-10pm

Lease

  • Rent$5,268 inclusive NNN
  • Expiration2027
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • Deposit$4,550

Financials

  • Monthly Revenue$90,559
  • Monthly Cash Flow$7,500
  • Annual Revenue$1,086,715
  • Annual Cash Flow$90,000
  • Payroll$$25,528

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.

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