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Business for Sale Summary

Popular Mexican Restaurant in Kings County, NY - 32685

Business Type: other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Popular Mexican Restaurant in Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $200,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$200,000 Down and 50K @ 7% over 36 months

Business Description

This chic Mexican restaurant is located in one of the hottest zip codes in Brooklyn. Business is doing well during COVID. One of the best spots for incredible salsa and margaritas, and they have a huge selection of tequila to choose from. Its known as the "go to" place for delicious Northern Mexican cuisine like traditional enchiladas, nachos and fajitas, but they also offer more exquisite platters as well. The entire place has been recently renovated including a large bar with 3 beer taps, a fully functional kitchen located on the main floor, and a beautiful 600 square foot back yard patio. The ambiance is warm and inviting and the vibe is contagious. Located on a very busy block, a large portion of their revenue comes from deliveries and take out. The restaurant is 1200 square feet which is a perfect size to keep labor costs manageable. Downstairs is another 1200 square feet which consists of a prep area, walk in fridge, ice maker, dry goods storage and an office. Rent is very reasonably priced and there are 3 years left on the lease with an additional 5 year extension. Owner needs to sell because of health reasons. Seller financing available. Must see to appreciate. Please contact broker estiefel@vestedbb.com for more information

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.