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2 Tex-Mex Restaurants Package Deal

Location  Texas,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1701139
Net Profit / Cash Flow  $327414
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2001
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Owner will train for smooth transition.
Reason for Sale  Seller has currently owns 3 restaurants and wants to focus on only one.
Description  What a great opportunity to acquire two fully established Tex-Mex Grill all at once, both of which does close to $2 million in annual revenues. Centrally located in two different major cities, each location has accumulated a strong and loyal customer base enabling these restaurants do a consistent strong sales in this severe economic downturn. One of competitive advantages of these restaurants is all kinds of synergies being created from owning and operating two different locations under one ownership such as buying power due to economies of scales, smooth labor management, strong cash flow (over $160,000 sales per month), cooperation of each other location, and more. The current owner want to sell both locations as a package, and it could be a buyer's best interest to purchases all at once in order to continuously benefit from the synergies created by running all two locations at a time. Each location offers authentic style of Mexican foods that range from tacos, tamela, and burritos to taco salad, all made with special recopies from the current owners. Occupied in a 3,100sf and a 4,000sf respectively of retail space that is highly visible to major street, each location seats over 140 to 160 seats and features a full-bar along with nicely built-out interior. All equipments, fixtures, and furniture are in excellent condition. Asking: $679,000 Furniture, Fixtures & Equipment: $325,000 (Included in listed price) Inventory: $9,600 (Included in listed price) Financing: 100% cash at Closing. Facilities: All the equipments including the tables, chairs, pos system, TV, and etc.... are all in a great clean condition. The visibilities from the road are great and they are all in a prime location. Competition: One location has one direct competition, but this restaurant does more sales then the other.
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