Mexican Restaurant - 20666 Business Type: illness forces sale!,other eating & drinking places,restaurant/ cafes/ diners
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $675,000 | Down Payment | $675,000 |
| Gross Revenues | $918,840 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $260,094 | Number of FT Employees | Register Free to View |
Financing
$675,000 Down and cash
Business Description
A large and loyal following has made this Mexican specialties restaurant and bar an institution in an upscale town. No competition. Located in a strip mall with plenty of parking. Grossing an average of $19K a week with rent of $6,700 including snow removal, garbage collection and property tax. Seats 120 inside (including 12 at bar) plus 14 outside (license allows liquor service outside). Private party room with 50 seats available for off hours events. Premises completely renovated only 2 years ago with new electric, plumbing, handicapped restrooms and kitchen equipment. Half basement with some food storage. Sales breakdown: 35% liquor and 65% food; weekend 60% and weekday 40%; lunch 10% and dinner 90%. Point of sale system in place. 8 year record of solid sales. Unexpected medical issues bring this excellent opportunity to the market. Ideal for an individual or partners with food service experience and financial qualifications to build on the strong foundation of this business. Learn how you can grow this business to a weekly gross of $25K by making your inquiry today!
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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