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Business for Sale Summary

Tex Mex Restaurant - Seeking Working Partner - 35963

Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Tex Mex Restaurant - Seeking Working Partner
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This business has received 28 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $399,000 Down Payment $399,000
Gross Revenues $975,000 Lease Remaining Register Free to View
Owner’s Cash Flow $170,000 Number of FT Employees Register Free to View

Financing

$399,000 Down and Selling ONLY an equity stake for a working partner.

Business Description

Restaurant - Seeking Working Partner. Please read this ad carefully before inquiring. The entire business IS NOT for sale. This is a growing and successful concept. The owner is seeking a hands on, working partner, with restaurant experience. This partner could buy into the business for an equity stake, plus salary, so they can share in the upside of their efforts. We are NOT seeking an investor or silent partner. If that is what you are looking for, please do not inquire. In the past year the business grossed approx. $975,000 with an owner’s cash flow of approx. $175,000. It is already fully staffed with 5 FT and 5 PT employees. The owner is spread thin and is seeking a manager to oversee day-to-day operations and take some of the burden off his shoulders. We are seeking a serious and financially qualified buyer with at least $75 - $100K in liquid funds to cover the equity buy-in. The seller can be flexible on the equity buy-in amount depending on your level of experience. More experience, lower buy-in. Proof of funds will be requested before any meetings with the owner can be made. All site visits must be discreet. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.