This new and high volume Mexican concept with a strong bar aspect is for sale. The current owner has decided to focus on other ventures and is selling this newly built and designed restaurant for a bargain price given the initial investment into the space was over $1.3 MILLION dollars.   All design elements, fixtures, equipment and infrastructure is newly built in this stunning first generation space.  The improvements included all new Electrical, Plumbing, HVAC, Type 1 Kitchen Hoods, Lighting, Storage Areas, ADA Compliant Design, a Long Haul Beer Draft System with a great Bar top and bar area with Type 47 Liquor License that will transfer to a new owner and so much more! A full equipment list can be transferred upon request.    In addition to the great dining areas and bar scene, there are vibrant patio tables and chairs with heaters in front of the business, which draws attention and diners wanting to enjoy outdoor dining.    The 3128sf space did over $1.7 Million in 2023 and is target to break $2million in sales in 2024.  The space is great for groups or events and thrives on sporting events with its many screens and bar vibe.  They sold nearly $25K on Cinco Mayo alone!    The current owners have negotiated a great new lease that is based on 5% of monthly sales, plus reasonable triple net charges of $2922/month. The term runs into 2031 with an option to extend.   A new owner operator could thrive with this new design, strong volume and customer base!     Reach out now for more information or to schedule a tour.

General Info

  • OrganizationLLC
  • Established2022
  • Current Owner2021
  • Employees15+/-
  • Reason For SaleOther Interests

Facilities

  • Seating49 Dining Room Seats, 10 Bar Chairs, 20+ on Sidewalk-Patio
  • Square Feet3,128
  • ParkingEasy Street Parking
  • LicensesType 47 Liquor License, Health & Business
  • Open HoursContact for Info

Lease

  • Rent5% of Sales + $2922 NNNs
  • Expiration6/15/2031
  • Yearly IncreaseContact For Info
  • Option2 -5yr Options
  • Deposit$27,630

Financials

  • Monthly Revenue$150k-$200k
  • Monthly Cash FlowContact For Info
  • Annual Revenue$2,000,000
  • Annual Cash FlowContact for Info
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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