PRICE REDUCED-Authentic Mexican Seafood Grill

Cook County, IL

Fresh quality seafood restaurant!
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Asking Price: $75,650

Cash Flow: $56,671

Gross Revenue: $250,938

EBITDA: $54

FF&E: $15,000

Inventory: $2,000*

Rent: $2,407 /Month

Established: 2012

*not included in asking price.

PRICE REDUCED-Authentic Mexican Seafood Grill

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Business Description

This restaurant offers Mexican seafood dishes in a warm, authentic atmosphere. Just a stone’s throw from a major Southern California university and student housing, it is highly visible from a major freeway, with easy access to its' immense parking lot. The location provides incredible visibility and exposure with its pristine, colorful light box sign and branded window menu.

In addition to seafood, the restaurant offers alcohol with their 41 beer and wine license in a large dining room to accommodate all guests. The space is immaculate with ocean themed decor, new rustic wood walls, floors and fresh paint. The kitchen is well equipped with an 8 ft hood and virtually all new kitchen equipment. Everything is made from scratch; the restaurant boasts a 4+ star rating across Yelp and Google, and recently added karaoke. They have done a fantastic job giving the space a face lift, and are building repeat clientele by word of mouth.

This restaurant was acquired by the owners through sheer chance; they have other businesses (non-food) that they are neglecting, and need to focus on those. A dedicated new owner operator will find plenty of ways to improve revenue. They have no website, and very few (and very un-engaged) followers between Facebook and Instagram. In addition, they haven’t yet tapped into the catering market, with some attention and effort, could easily provide additional revenues. They close early on Saturday nights; extend the hours for weekend customers and special events! Save your money on a build out and invest in marketing; add a website, leverage social media and engage your customers.

The owner has done a great job ramping up the restaurant; pick up where they left off or bring your own concept to this location. The space is immaculate with amazing exposure and extremely low rent; act now to take advantage of this opportunity!

Detailed Information

Location:
Cook County, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
3/31/2023
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Profitable & Low rent! 41 License All large kitchen equipment virtually new-1 year old Restaurant very clean, fresh paint and extremely organized
Support & Training:
Owner will train
Reason for Selling:
Focusing on other (non-food related) business
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Robert Marshall

Business Listed By:
Robert Marshall

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Sponsoring Broker:
Sean Edelstein

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