Hot Location Full Service Mexican W/hard Liquor

Riverside, CA (Riverside County)

Hot Location Full Service Mexican W/hard Liquor
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Asking Price: Get Financing: $190,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2014

Hot Location Full Service Mexican W/hard Liquor

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Business Description

Restaurants in the downtown Riverside area are sizzling hot right now and they continue to develop with the City funding several cultural and UC Riverside events. Many of these restaurants are doing in excess of 5 Million per year and offered now is a sleeper that is under preforming because the owner has too many other business commitments to see this through.

HIS LOSS IS YOUR OPPORTUNITY

Over 6000 sq ft beautifully decorated restaurant with a huge following is on the market. Diners love the outdoor patio with the classic Mexican arcitecture and Sunday Brunch is a madhouse at this place.

There is a 47 license and house made margaritas are a specialty. This restaurant is a popular destination for the local real estate offices as well as other professional workers during lunch. After the day has ended it's time to relax and this restaurant specializes in just that.

Lease is very favorable at $13,500 per month and Landlord is very easy to work with. Option periods in the lease ensures a long tenure to capitalize on a thriving marketplace.

Owner has clean books and is working at the restaurant 50% of the time.

If you haven't been to the Mission Inn lighting Festival in November you are going to be amazed at the number of people that come to the downtown area. Last year over 750,000 visited this area during a one month celebration where the famed hotel turns on 5 million lights.

For restaurants in the area this is the very best news because many quit taking reservations because the lines are snaked around the block.

Do yourself a favor and look at this opportunity and you may realize you can really make some money in this thriving downtown area.

Detailed Information

Employees:
19
Business Website:
http://sellingrestaurants.com/restaurant-for-sale/restaurant-broker-riverside
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Charles Machado

Business Listed By:
Charles Machado

Paramount Restaurant Brokers, Inc.

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Sponsoring Broker:
Mel Jones

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