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Well Established Mexican Restaurant With Beer & Wine

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1293713
Net Profit / Cash Flow  $262569
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1986
Number of Employees  10 - 19
Inventory  90000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Retirement
Description  This well-established Mexican restaurant with beer and wine has been a local favorite of its San Gabriel Valley community for over 20 years. The restaurant is known for its friendly staff, comfortable atmosphere and authentic cuisine, which has helped it build its loyal following. The business has consistently generated over $1,200,000 in annual sales. After a long run, the owners have decided it's time to pass the torch to the next fortunate family who can carry on its rich tradition so they may retire. Asking Price $575,000. This 3,400 square foot facility leases for $6,500 per month including CAM expense on a lease in effect through May 2016 with a five year option. All of the business assets will transfer in the sale including the furniture, fixtures, equipment, walk-in coolers and beer and wine license. Inventory with a cost value of $5,000 will be included in the purchase price. Competition is considered high as other Mexican restaurants exist in the area however this one has maintained a loyal clientele for years and boasts tremendous revenue stability. This business still has significant room to potentially grow. As the current owners have phased themselves out of the operations over the last few years, new owners would likely inject new energy and drive to grow the business via marketing and advertising, which the current owners have not actively pursued.
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