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Full Service 4 Location Mexican Restaurant Serving Northwest Florida

FL

Seller Financing Available
Full Service 4 Location Mexican Restaurant Serving Northwest Florida
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Asking Price: $2,375,000

Cash Flow: $800,000

Gross Revenue: $8,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $33,333.33 /Month

Established: 2000

Full Service 4 Location Mexican Restaurant Serving Northwest Florida

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Business Description

This thriving business is poised for further expansion!

This popular privately owned and operated restaurant group has 4 locations with managers and an overall general manager in place. The rent percentage of gross sales is about 5% with good long term leases and renewal options. The business has approximately 90 employees. Sales for 2019 are tracking to be in the $8 to $8.5 million range.The owner benefit based on normal profitability for this business should be in the $800,000 plus range and that is leaving the general manager in place and taking over the owner's position. The locations are within a 20 mile radius of the management offic allowing ease of oversite. This business can be SBA financed with as little as 10% down for a qualified purchaser with restaurant management experience.

Detailed Information

Real Estate:
Leased
Building SF:
20,000
Lease Expiration:
N/A
Employees:
90
Facilities:
4 excellent locations in prime areas with ample parking.
Competition:
There is plenty of competition I this area as it is very vibrant and lots of tourists come here for the gorgeous beaches, golf, entertainment etc. This business has excelled and thrived in this envioronment because of excellent product, service and locations.
Growth & Expansion:
Definite growth and expansion opportunity all along the Gulf Coast and beyond.
Financing:
237500
Support & Training:
The owner will provide transition training and consulting as part of the deal. Also the general manager who is very com patent is willing to stay on.
Reason for Selling:
Retiring
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Mike Goleno

Business Listed By:
Mike Goleno

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