Retail - Restaurants | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price	$150,000	Inventory
Gross Income	$290,636	Real Estate
Cash Flow	$23,261	Year Established	2006
FF&E	$300,000*	Employees	7ft, 4pt

* included in the asking price

** not included in the asking price

This popular mexican restaurant strives to provide a comfortable atmosphere with quality service and excellent food. This business is family owned and prides itself in making fresh food everyday and offering large portions at a moderate price. Banquet facilities holding up to 75 people are available for business needs and private parties at no extra charge. Location is a well-developed mixed-use community retail, office and service businesses surrounded by town houses, detached homes, and community amenities such as an elementary school and public trails by the Boise River. Evening street parties in the warm weather months create a festive atmosphere for everyone. Over $300,000 was invested originally into the facility. The owner has several other locations that are taking too much time, and has decided to divest. All equipment was brand new in 2006 and is in excellent condition. A buyer can continue operating the restaurant with Mexican cuisine, or change to any another style the landlord will approve. Name of business is excluded in the sale and new signage required.

Facilities: 2,964 sf retail space leased at $5,700 per month with long-term lease in place.

Competition: Along the street there are other food establishments, all differing in types of fare. This mix generates significant evening and weekend dining traffic. The rest of the area is a mix of retail and service businesses, an elementary school, residential housing, and public walking/biking trails.

Growth/Expansion: The owner has operated the restaurant passively since its inception. An on-site owner/operator should improve top line and bottom line performance. The area master plan calls for significant residential growth, transportation improvements, and community amenity improvements over the next few years.

Seller Financing Available: Yes

Financing: Negotiable Financing. Owner will consider carryback.

Support/Training: Seller will provide 40 hours of transition assistance.

Reason Selling: Divesture. Owner wants to downsize to concentrate on the other 4 locations.