Mexican Restaurant and Cantina. Freestanding, highly visible frontage, abundant parking, turn key, and beautifully remodeled in 2005. This is a consistently profitable business which enjoys 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 just shy of $2,000,000 in annual sales with upside potential. 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 1 is 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. Seller will extend a new lease to qualified buyer at market terms and conditions. Do not disturb employees. They are unaware of the sale.

General Info

  • OrganizationContact For Info
  • Established1977
  • Current Owner2017
  • Employees4 FT / 36 PT
  • Reason For SaleOther Interests

Facilities

  • Seating487 Occupancy Limit
  • Square Feet8,296 ground, 2,640 2nd floor
  • ParkingOpen and unreserved
  • LicensesABC 47, 68, 58; County Health and City Business Permit.
  • Open HoursM-Th 11a-9p; Fri-Sat 11a-12p; Sun 10a-12p.

Lease

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

Financials

  • Monthly Revenue$156,788
  • Monthly Cash Flow$5,483
  • Annual Revenue$1,881,466
  • Annual Cash Flow$65,797
  • 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