37424-Traditional Mexican - American Restaurant - Bar

TX

37424-Traditional Mexican - American Restaurant - Bar
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Asking Price: Get Financing: $750,000

Cash Flow: $172,000

Gross Revenue: $1,526,000

EBITDA: N/A

FF&E: N/A

Inventory: $1,000

Lease Rate: N/A /SF

Established: 1984

37424-Traditional Mexican - American Restaurant - Bar

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Business Description

Excellent downtown location with nearly 200 occupancy and new ovens and fires! This west Texas full service restaurant and bar serves lunch and dinner featuring high quality Mexican and American food. Using a to-go delivery service has raised awareness in the local community. Daily lunch specials make this is a popular lunch destination for many of the downtown office employees. The menu includes everything from tacos, enchiladas and fajitas to hamburgers, fried chicken, steaks, seafood and sandwiches. They also offer soups, salads and a kids’ menu. Their bar offers an assortment of wines and a variety of draft and bottled American and Mexican beers. Frozen Margaritas, Pina Coladas and their famous Sangria Swirl are also top choice cocktails available. The company has a proven track record, supported by testimonials written by customers over the years. Currently, 3% of revenues are derived from private or corporate parties with 20-40 guests, the location has a room which can accommodate up to 75 people. The new owner would do well to promote private party and catering services. Live music and dancing draw in large crowds on Friday and Saturday evenings. Conventions and Air Base Tours also draw in larger crowds during the day.

With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
42
Facilities:
The company operates from three adjoined buildings, totaling 6,000 square feet. With a prime location on a heavy thoroughfare, the property is in good condition. The restaurant features an open dining area, private dining area, fully stocked bar, and a clean kitchen. Photos available upon request.
Support & Training:
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason for Selling:
Approaching retirement.
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(from currently available funds)
 
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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