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Authentic Mexican Cuisine - Prime Hwy 111 location - $357K SDE

Riverside County, CA

Authentic Mexican Cuisine - Prime Hwy 111 location - $357K SDE
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Asking Price: $995,000

Cash Flow: $357,875

Gross Revenue: $1,799,614

EBITDA: N/A

FF&E: $319,981

Inventory: $11,700*

Rent: $13,310 /Month

Established: 1981

*not included in asking price.

Authentic Mexican Cuisine - Prime Hwy 111 location - $357K SDE

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Business Description

Location, Location, Location!

Are you looking for some of the finest Mexican Cuisine around? Do you want to sit down and relax with an ice cold Margarita after a long day? If you answered yes to any of these questions, then you need to stop by this Central Coachella Valley landmark Mexican restaurant! We have some of the smoothest tequila and best tasting food around. Don't believe us? We have been serving the community since 1981 and they keep coming back for more! Come in and sample the fresh authentic cuisine from our award winning chef.
Boasting a large dining room and full bar, the highlight of this restaurant is the 30 seat, dog friendly patio with architectural inspiration of Mexico.
Owner will consider seller financing.

Detailed Information

Location:
Riverside County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,803
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business was established approximately 35 years ago, the same owner since 2003. Revenue approached $1.8 million in 2017. 2018 sales are up double digits. Well established destination restaurant is the only fine Mexican restaurant in town. Trained & tenured staff of 20-30. Completely equipped and includes assets and equipment valued at approximately $875,000K. Owner is willing to consider Seller Financing.
Competition:
Located at a major intersection of Highway 111, this restaurant generates close to $2.0MM in annual sales ranking it among the highest grossing restaurants in the desert. There are a handful of better restaurants in the area, but this is the best Mexican restaurant in the area.
Growth & Expansion:
Increased advertising – Television channels 2 and 3 are proven effective spots. Desert Sun Inserts and radio increase traffic. Breakfast – Currently breakfast is only served on weekends. New Construction – New hotel is being erected in town to serve ever increasing events in Indian Wells and the Coachella Valley. New homes being built across the street. Events – Triathalon, Pickleball, Paribas Open Tennis all drive traffic.
Support & Training:
4 weeks
Reason for Selling:
retiring
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Rick Rayl

Business Listed By:
Rick Rayl

Transworld Business Advisors Coachella Valley

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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 California Association of Business Brokers (CABB).

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