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Successful Mexican Restaurants – $450K avg. net income, RE available

Salt Lake County, UT

Seller Financing Available
Restaurant for sale Colliers M&A
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Asking Price: $1,200,000

Cash Flow: $299,878

Gross Revenue: $2,218,174

EBITDA: N/A

FF&E: $240,000

Inventory: $40,000

Real Estate: $2,550,000*

Established: 1999

*not included in asking price.

Successful Mexican Restaurants – $450K avg. net income, RE available

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Business Description

For 20 years, this 2-location Mexican restaurant operator has served quality food to the Wasatch Front. They provide high-quality, freshly prepared Mexican food served by well-trained, customer-focused employees. There is a full liquor license in both locations, which are in affluent areas with populations that have a high propensity for dining out, from fast food to family restaurants to fine dining. The business is currently absentee-run. The owner gave all employees a pay raise in 2018, which is reflected in that year’s lower net income. Over the last 4 years, the business has average over $450K in net income.

One location seats 250, including 30 on an outdoor patio. The other is a free-standing building on an acre that seats 12, including 20 outside, with an existing but unused drive-through window.

Business could be expanded by increasing marketing efforts via delivery services like Uber Eats and Grub Hub, adding catering, and reestablishing drive-through service in the free-standing location. Real estate is available for $2,550,000, some seller financing is negotiable for the business.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
one location approx. 5,400 sf, one location approx, 3,200 sf
Financing:
some seller financing is negotiable for a qualified buyer
Support & Training:
negotiable up to 3 months
Reason for Selling:
other business interests
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(from currently available funds)
 
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Colliers International Mergers & Acquisitions

Business Listed By:
Elizabeth Bellit

Colliers International Mergers & Acquisitions

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