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Family & Community Favorite Mexican Restaurant

Seattle, WA (King County)

Seller Financing Available
Family & Community Favorite Mexican Restaurant
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Asking Price: $160,000

Cash Flow: $80,000

Gross Revenue: $1,150,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Family & Community Favorite Mexican Restaurant

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Business Description

Q1 2019 Revenue over $300,000 - Retirement Sale

This business is a successful, authentic Mexican restaurant. 25 years in the same location, the business is a local favorite and destination location. The business serves lunch and dinner with the ability to accommodate up to 124 guests.

The menu draws on classic staples of Mexican cuisine. Over the years, the principals have added new menu items and expanded on the original vision of the founders through annual educational and research & development trips to Mexico. Employing a warm & welcoming management philosophy, the business is known for offering guests traditional favorites of Mexican cuisine, their own original Margarita and several unique, house specialty menu items.

The business has an experienced staff with multiple tenures of 15 years or longer. The manager and head chef are paid $15-$17 in hour. The wait staff is paid $11.50 plus tips. The current owner fills mostly an administrative role being responsible for staffing, ordering, and operational bookkeeping.

The business is located in a densely populated Seattle neighborhood. A dedicated on- site parking lot offers business people and families easy access and parking in close proximity.

The lead business broker for this restaurant at IBA is Oliver Kotelnikov. Mr. Kotelnikov can be contacted directly at (425) 454-3052 or oliver@ibainc.com.

Detailed Information

Location:
Seattle, WA
Facilities:
The restaurant occupies a free-standing building and operates out of 3620 square feet of space. Current rent charges are comprised of $7454.00 of base rent plus approximately $2425.00 of CAM charges for a current total of $9879.00 per month. The owner has a good business relationship with landlord and has recently executed a new 5-year lease with a 5-year extension option.
Financing:
The seller is willing to finance 50% of the transacation for a qualified buyer.
Support & Training:
The seller will provide an appropriate amount of transition training/consulting to smoothly transfer ownership of the business.
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(from currently available funds)
 
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Gregory Kovsky

Business Listed By:
Gregory Kovsky

IBA

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