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Authentic Mexican / Salvadorean Restaurant

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $117000
Net Profit / Cash Flow  $50000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1980
Number of Employees  4 - 5
Inventory  65000
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased
Training  Negotiable.
Reason for Sale  Relocation of family.
Description  Authentic Mexican and Salvadorian cuisine located in historic San Juan Bautista, CA. This is one of the ''Mission Cities'' of the old El Camino Real in California. (san-juan-bautista.ca.us). The town features the mission, museum, antique stores and fine dining. The City does not allow national franchised food restaurants. Felipe's Restaurant is located on the main thoroughfare and has been serving the locals and tourists for more than 20 years. It is a local favorite! With more than 2,000 s.f. and seating for more than 70 including weddings, banquets and private parties. The kitchen is large, clean and has recently had more than $40,000 invested in new equipment. The restaurant is profitable and has more than doubled its gross in the last two years. Its location also offers full advantage of the many street fairs and events sponsored by the City of San Juan. Price Reduction: $114,900. Contact the agent for photos and more information on this Mexican / Salvadorean Restaurant business for sale.
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