5 day a week Authentic Mexican Street Food Restaurant #000337

Corinth, TX (Denton County)

5 day a week Authentic Mexican Street Food Restaurant #000337

Asking Price:$60,000

Cash Flow:N/A

Gross Revenue:$153,000

EBITDA:N/A

FF&E:$25,000

Inventory:$3,000

Rate/Sq. Ft.:N/A

Established:2015

5 day a week Authentic Mexican Street Food Restaurant #000337

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Business Description

Prime location authentic Mexican restaurant with a bar is available for acquisition. Established and acquired in mid 2015 by the current owner of the business who works full time as a cook/cashier during operation hours. This business is the only restaurant in the area that serves true authentic Mexican cuisine making it a huge advantage for this restaurant. The majority of the customers are from the nearby high school, hospital, and the neighborhoods varying in the ages of mid 20s towards older gentlemen/women. Due to the area this business is in, all customers are of middle to upper class individuals since the city is known to house wealthy people and a very rapidly growing city. Proactive marketing is crucial to the consistent growth of this business. While the location of this business being beside a major highway does bring a fair amount of traffic, other measures of marketing and ground work is necessary to bring in potential customers. Increasing operation hours to open during breakfast hours would bring the necessary new groups of customers to increase the overall sales. Weekly specials or happy hour during certain operation hours will attract the younger crowd from the nearby high school and individuals from the neighborhood. Having a website will prove to be extremely beneficial since in current times most restaurants has a personal website to order online. Products provided in the restaurant are street version tacos, burritos, tortas, tostadas, and their renown patron torta which is usually sold out mid-day (#1 Seller). Acquire this prime location Mexican restaurant with a 5 star rating in yelp and beside a major highway that provides fantastic customer traffic.
For more info, please call Emilio Marin at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
2FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a 1,588 SF prime location retail strip center nearby a major highway. Extremely visible from the highway and all equipment is in excellent condition while in working order.
Competition:
One competitor is within the immediate market area, but the competitor only focuses on food sales while this business focus on alcohol sales combined with authentic Mexican food.
Growth & Expansion:
Proactive marketing is currently needed to reach full potential of this business. No marketing is done in the present time.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 4 week period to smooth out the transition into day to day operation.
Reason for Selling:
Other Opportunities.

Listing Statistics for Premium Members

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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