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Mexican Restaurant

KS

Mexican Restaurant
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Asking Price: $350,000

Cash Flow: $167,843

Gross Revenue: $1,156,055

EBITDA: N/A

FF&E: $65,000

Inventory: $18,250

Established: 1984

Mexican Restaurant

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Business Description

This is a 2nd generation, well-established, profitable Mexican restaurant and bar. It has been operating in the same highly visible downtown location for more than 30 years. Their central location allows them to serve the working community by day and a 60-mile radius of customers by nights and weekends.

Detailed Information

Inventory:
Included in asking price
Employees:
16 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Built in 2001 this stucco facade restaurant and Cantina occupies about 5,500 square feet of space with a covered patio area that could be converted to indoor space. The real estate is available for purchase at $500,000.
Competition:
There is not a more competitive industry than the restaurant industry. That is one reason this business is attractive. They have long-standing reputation for serving quality Mexican meals and much of their business comes from repeat customers.
Growth & Expansion:
Currently this restaurant is open Tuesday through Saturday. There is potential for growth by opening for business on either Sunday or Monday or both days.
Financing:
Lender pre-screened with $37,500 down.
Support & Training:
Will train for 4 weeks @ $0 cost. The new owner would have to obtain a liquor license.
Reason for Selling:
The second generation owners are ready to retire.
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Scott Belden

Business Listed By:
Scott Belden

Murphy Business & Financial Corporation

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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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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