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Businesses For Sale   >>   Utah Businesses For Sale Categories   >>   

Mexican Restaurant And Bar For Sale

Location  Utah,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1004940
Net Profit / Cash Flow  $284985
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1976
Number of Employees  20 - 34
Inventory  256000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Negotiable as needed
Reason for Sale  Retirement
Description  This restaurant and cantina is a well-known and respected establishment that enjoys a great reputation for authentic Mexican food at an affordable price. They have earned a loyal following over the years, offering a broad variety of Mexican dishes as well as an American food menu. Guests can order from the menu or choose the buffet and sit in the dining room, patio or in the bar. (They have a restaurant liquor license). Catering service is available for family parties or company events. The purchase price includes the real estate and building valued at $800,000 and the business with a value of $700,000. The property for sale is approximately .73 acres. The owner is semi-absentee and relies on the loyal and well trained employees for the day to day operations. The owner wants to retire from the food industry and pursue other opportunities. Seller financing on the business is negotiable for a qualified buyer. Total asking price is $1,500,000.
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